India

New Delhi, November 13, 2025: Lakshmikumaran and Sridharan Attorneys (LKS) advised and represented the Toyota group (“Toyota”) in its acquisition of the car dealership business from Ravindu Motors Private Limited (“Ravindu”) through a business transfer arrangement. Following the transaction, the dealership operates under the brand name “Bharat Toyota” and has paved way for Toyota in the dealership market in Karnataka providing comprehensive market coverage and strong customer base. The firm provided the end-to-end legal and transactional support to Toyota group including structuring, drafting and negotiations of transaction documents, and deal closing. The Firm was instrumental in conducting a comprehensive legal due diligence on the business undertaking of Ravindu Motors Private Limited and advising the Toyota Group on the overall structuring of the transfer of multiple asset classes as part of the business transfer. The team comprised of Srabonee Roy (Partner), Debanik Bid (Principal Associate), Sushmita Sharma (Associate), Mathanki Narayanan (Associate), and Atrijo Banerjee (Associate) from the Corporate and M&A team, and Neelambera Sandeepan (Partner) and Charms Mathews (Senior Associate) from the Competition & Antitrust team. LKS due diligence team also included Kunal Arora (Partner), Mitushi Garg (Senior Associate) and Jeevesh Jain (Associate) who advised on real estate aspects and Dinesh Babu Eedi (Partner) supported by Parth Agrawal (Principal Associate) and Guru Charan Anumula (Associate) on litigation aspect and by Kumar Panda (Principal Associate), Alekhya Kanda (Senior Associate), Aishwarya Narasimhan (Associate) and Netri Agrawal (Associate) on regulatory and employment matters. This transaction highlights the Firm’s comprehensive capabilities and depth of expertise across diverse areas of law, reinforcing LKS’s position as a trusted legal advisor in complex business transfers and acquisitions. About Lakshmikumaran & Sridharan attorneys Lakshmikumaran & Sridharan (LKS) is a premier full-service law firm in India, specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on Corporate, M&A, litigation and commercial law matters, advising and representing clients both in India and abroad. Over the last nearly 4 decades the firm has worked with over 15,500 clients which range from start-ups, small & medium enterprises, to large Indian corporates and multinational companies. The professionals within the firm bring diverse experience to service clients across sectors such as automobiles, aviation, consumer electronics, e-commerce and retail, energy, EPC, financial services, FMCG, hospitality, IT/ITeS, logistics, metals, mining, online gaming, pharma and healthcare, real estate and infra, telecom and media, and textiles. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions. The firm’s driving principles to achieve our vision are integrity, knowledge and passion.  For more details contact:  Arnab Bhattacharya   +91 8287613705  [email protected]    Sakshi Sharma +91 9521867484 [email protected] www.lakshmisri.com 

Universal Legal is pleased to announce that we acted as legal counsel to Rivaara Labs Private Limited, a leading molecular diagnostics chain, in the sale of a substantial stake to Authum Investment & Infrastructure Limited. The transaction marks a strategic milestone for Rivaara, strengthening its growth trajectory. The transaction was led by Rashi Kapoor Mehta, Partner, and Neelkamal Chaudhary, Associate Partner at Universal Legal. Read more about the transaction here: Authum Investment gains after inking pact to acquire 35% stake in Rivaar Labs | Capital Market News - Business Standard

Chandhiok & Mahajan acted as legal advisors for InsuranceDekho and RenewBuy and secured an approval from the Competition Commission of India in relation to their proposed merger. C&M advised on all competition law aspects of the transaction, including the preparation of the merger notification and related submissions before the CCI. C&M’s competition team, comprising Avinash Amarnath (Partner), Aakash Kumbhat (Managing Associate), Aileen Aditi Sundardas (Associate), Saumya Sunidhi (Associate), and Jai Hindocha (Associate), represented InsuranceDekho and RenewBuy before the CCI. InsuranceDekho is involved in the distribution of various insurance products in India through its platform, and RenewBuy provides insurance brokerage services through online and offline channels and operates a platform that simplifies insurance and financial products and makes them accessible for customers through its digitally enabled advisors.

The Seventh Edition of The Banking Law: In Theory and Practice, a marquee consolidation of the significant laws and judicial precedents governing the interplay between financial creditors and debtors in the evolving legal landscape in India, has been published by LexisNexis – Universal. The book, published in three comprehensive volumes, is an authoritative and enduring work that provides an in-depth analysis of the legal, regulatory, and practical aspects of banking in India. Carrying forward the rich legacy of the late Shri. S.N. Gupta, one of India’s pioneering scholars on banking law, this new edition has been revised, expanded, and updated by Rajesh Narain Gupta, Founder and Chairman, and Amit Aggarwal, Managing Partner – Corporate and Non-Contentious Practice at SNG & Partners. The publication marks a milestone in the evolution of this classic legal text, which has for decades served as a cornerstone for lawyers, bankers, academicians, and policymakers alike. Speaking on the release, Mr. Rajesh Narain Gupta, Founder and Chairman of SNG & Partners, said: “The book has been a foundational reference for professionals in the financial and legal sectors for several decades. Through this new edition, we have aimed to ensure that the book reflects the dynamic realities of the Indian and global banking ecosystem. It integrates recent legal, regulatory, and technological developments, while maintaining the original intent of the work, to serve as a practical and authoritative reference for anyone engaged in banking law and practice. In the last two decades, the way of doing banking has undergone a disruptive change, and with the arrival of new forms of financial institutions such as NBFCs, AIFs and to some extent mutual funds, the ability to raise funds by the borrowers and the manner in which they are raised has significantly evolved. Working on this book every edition is almost a ritual I thoroughly enjoy as it enables the entire team to condense our learnings and experiences into an academic text that will benefit many and not just a few.” Mr. Amit Aggarwal, Managing Partner – Corporate and Non-Contentious Practice at SNG & Partners, added: “The banking industry today operates at the intersection of law, technology, and innovation. In revising this edition, we sought to incorporate these dimensions and make the text relevant to both the traditional bankers and the modern financial professionals. With each edition, we are entrusted with the responsibility to produce a text that is aligned with every facet of the evolution of banking and finance laws, including cutting-edge digital and tech-driven trends. Significant modifications have been incorporated not only by the way of judicial pronouncements but also in aspects of new forms of fundraising, digital lending mechanisms, and new age frauds and safeguards around it are covered in the book. This revision also covers the latest aspects relating to IBC, fintech-related issues pertaining to data-sharing, payment platforms, and e-banking etc. It is our hope that this work will continue to be an indispensable guide for practitioners and academicians alike.” The authors were assisted by their colleagues Devyani Dhawan, Pankaj Bajpai and Bhavya Chopra on this project.   Mr. Rajesh Narain Gupta & Mr. Amit Aggarwal