ALMT Legal

The team enters the Banking and finance practice area rankings due to consistently strong work highlights. Hitesh Jain, Subhash Jadhav, Pooja Tidke and a contingent of about 25 left to form a new firm. 

Banking and finance  

Work highlights 

Drafted and negotiated multiple loan and security agreements for the State Bank of India, and working capital financings for Mashreq Bank to Tata International and Balmer Lawrie-Van Leer, an Indian plastic wholesaler. 

Key clients 

Mashreq Bank, State Bank of India 

Capital markets 

Work highlights 

Advised Apex Frozen Foods on its IPO, which had a strong stock market performance once listed in 2017. 

Key clients 

BOB Capital Markets, Karvy Investor Services, PNB Investment Services, Polaris, Virtusa Consulting 

Construction 

Work highlights 

Verifying titles for commercial properties in Greater Delhi, Mumbai and Pune.  

Key clients 

Mavenir Systems, Tata Starbucks 

Corporate and M&A 

Work highlights 

Assisting Canara Bank with a proposed divestment of its controlling stake in Can Fin Homes, which has required extensive negotiations with the competition commission, Securities and Exchange Board of India and Reserve Bank of India. 

Advising SS Majestine Enterprise on a joint venture to establish a new sporting facility in Bangalore with a global sports brand. 

Acted for Virtusa on its cross-border acquisition of eTouch Systems. 

Key clients 

Canara Bank, Indian Padel Federation, SS Majestine Enterprise, Virtusa 

Labour and employment 

Work highlights 

Assisted a large domestic media conglomerate on ways to apply legislation including the Cine-Workers and Cinema Theatre Workers Act, Industrial Disputes Act and the Working Journalists and other Newspaper Employees and Miscellaneous Provisions Act. 

Represented a data storage technology provider on the handling of its termination of female employees and contractors during pregnancy according to the Maternity Benefits Act. 

Key clients 

Indian actors Danish Sait and Kubbra Sait 

Private equity 

Work highlights 

Instructed by SIDBI Venture Capital, the team assisted on a number of food and beverage deals, including conducting due diligence on milk company Vaishno Devi, and drafting and negotiating related license, employment and shareholder agreements, assisting with a funding round of emerging food delivery company Grab a Grub, and managing the funding of DSM Fresh Foods. 

Key clients 

Byju's Think & Learn, Gujarat Venture Finance, India Electronic Development Fund, SIDBI Venture Capital 

Restructuring and insolvency 

Work highlights 

Represented Aujan Industries during the winding down of Aujan Beverages and Rani Soft Drinks. 

Key clients 

Aujan Industries  

Tax 

Work highlights 

Representing a German insurer and a global online sports gaming company on the implications of the Goods and Services Tax and other tax matters, such as withholding tax requirements, on a foreign company and different services. 

Client feedback 

“Very professional and prompt in their handling of the scope of work.” – Sports, Tax 

“Excellent work while being very responsive with the turnaround required.” – Real estate 

“Outstanding legal service, strategic and partnered throughout extremely complex cross border deals. Only improvement is to build more capacity and depth. We really only use ALMT in India.” – Corporate and M&A, Labour and employment, Regulatory