Argus Partners

Argus Partners is pleased to announce that it advised Vertical B of Lux Industries Limited ("Lux Industries") in connection with its Brand Licensing Agreement with RILUK IPCO Limited, the licensor of the Reebok brand in India, granting Lux Industries (Vertical B) the exclusive rights to manufacture, market and sell Reebok-branded men's and women's innerwear and thermal wear products in India. The agreement further strengthens Lux Industries' portfolio of leading consumer brands. The Argus Partners team advising Vertical B of Lux Industries comprised Arka Majumdar [Partner] and Milind Anand [Associate]. Reebok was represented by its in-house legal team. #DealAnnouncement #BrandLicensing #Lux #Reebok #VerticalB #Consumer #ArgusPartners

Argus Partners is pleased to announce that it has acted as legal counsel to Anadya Bon Merchari LLP (“Anadya Bon Merchari”), the promoter entity and a selling shareholder of Swara Baby Products Limited (“Swara Baby”), in connection with the company’s proposed initial public offering (“IPO”) of equity shares aggregating up to INR 1,000 crore. Swara Baby, a Brainbees Solutions-backed manufacturer of disposable hygiene products, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India. The proposed IPO comprises a fresh issue of equity shares aggregating up to INR 500 crore, along with an offer for sale of equity shares aggregating up to INR 500 crore by existing shareholders, including Anadya Bon Merchari and Brainbees Solutions Limited. The proposed offering represents a significant milestone in Swara Baby’s growth journey, positioning the company to access public capital markets to accelerate its expansion plans, enhance its manufacturing capabilities, and strengthen its presence in the domestic and international markets. The team at Argus Partners advising Anadya Bon Merchari LLP consisted of Tushar Thimmiah (Partner), Srishti Sneha, Amruth S Rao, and Akshat Khanna (Associates). Read more at: barandbench.com/dealstreet/sha… #DealAnnouncement #Corporate #IPO #Hygiene #SEBI #ArgusPartners

We are pleased to share that our Partner, Aastha, will be moderating the panel discussion, "Turnaround Credit and IBC 2.0 – Emerging Trends in Resolution: Shifting Focus from Recoveries to Turnaround", at the INSOL India Financiers Colloquium 2026 on July 14, 2026, at The St. Regis, Mumbai. #INSOLIndia #IBC #Restructuring #Insolvency #Resolution #CorporateRestructuring #FinanciersColloquium #ArgusPartners

We are delighted to share that our Partner, Pooja Chakrabarti, has been recognised amongst 'Top 100 Women in Litigation in 2026' by Benchmark Litigation Asia-Pacific. The Top 100 Women in Litigation recognition celebrates leading women litigators across the Asia-Pacific region for their exceptional expertise, achievements, and contributions to the legal profession. Heartiest congratulations to Pooja on this well-deserved recognition! #BenchmarkLitigation #Top100Women #WomenInLaw #Litigation #Disputes #AsiaPacific #Recognition #ArgusPartners

We are delighted to share that Argus Partners has won the Benchmark Litigation Asia-Pacific & China Awards 2026 'Impact Case of the Year' award for GLAS Trust Company v Byju Raveendran & Others. We are grateful to our clients for their continued trust and confidence. Congratulations to our team for their unwavering dedication and hard work, which made this achievement possible. #BenchmarkLitigation #BenchmarkLitigationAwards #AsiaPacific #ImpactCaseOfTheYear #Disputes #CommercialLitigation #Insolvency #Restructuring #Awards #Recognition #ArgusPartners

Our Partner, Aastha ., shared her insights with Mint on the recent amendments to the Insolvency and Bankruptcy Code (IBC), which clarify that statutory land authorities can no longer claim secured creditor status solely by virtue of a statutory charge created under state law. The amendments are expected to bring greater certainty to real estate insolvency proceedings by reducing disputes over creditor priority and facilitating smoother resolution of distressed projects. Commenting on the practical implications of the amendments, Aastha noted that “[t]he real shift is that land authorities lose the waterfall leverage based on statutory charge, but retain commercial, contractual and regulatory leverage as landowners and statutory authorities.” Read more at: livemint.com/news/from-cour… #ArgusPartners #Quote #IBC #Mint #InsolvencyLaw #ThoughtLeadership

We are delighted to share that Argus Partners has been recognised at the Law.asia and India Business Law Journal's 2026 Law Firm Awards across Corporate & Commercial, Private Equity & Venture Capital, Bankruptcy, Insolvency & Restructuring, Energy & Natural Resources, and Fintech. We are grateful to our clients for their continued trust and confidence, and to our exceptional team whose expertise, dedication, and unwavering commitment to excellence make these recognitions possible. #IBLJAwards2026 #IBLJ #IBLJ2026 #LawFirmAwards #Bankruptcy #Insolvency #Restructuring #CorporateLaw #CommercialLaw #Energy #NaturalResources #Fintech #PrivateEquity #VentureCapital #Awards #Recognition #ArgusPartners

Argus Partners is pleased to announce that it has advised Syrma SGS Technology Limited (“Syrma SGS”), a leading electronics system design and manufacturing company, on its agreement with Kaga Electronics India Private Limited (“Kaga Electronics”), a Japanese electronics company engaged in the production and distribution of electronic components, to establish a strategic joint venture focused on manufacturing for Japanese clients. As part of the joint venture, Syrma SGS will hold a 60% stake in the joint venture company, with the remaining stake to be held by the Indian arm of Kaga Electronics. The joint venture company will establish, develop and operate a technologically advanced, state-of-the-art electronics manufacturing services facility in India focusing on Japanese clients. The team at Argus Partners advising Syrma SGS consisted of Abhinav Bhalaik, Aayush Kumar (Partners) and Paridhi Rastogi (Associate). Read more at: barandbench.com/dealstreet/arg… #DealAnnouncement #JV #JointVenture #Electronics #Manufacturing #ArgusPartners

SEBI has approved the re-introduction of open market buy-backs through the stock exchange route, effective August 1, 2026. The move marks a calibrated revival of the mechanism, accompanied by safeguards to address earlier concerns around unequal shareholder participation and tax arbitrage. The reforms seek to balance market efficiency with fairness and investor protection in the buy-back framework. Read more at: argus-p.com/updates/update… Contributed by Ankit Guha, Jitendra Soni (Partner), and Aditya Kashyap (Associate). #QuickUpdate #Corporate #SEBI #BuyBack #Regaulations #StockExchange #ArgusPartners

The RBI has amended the FEMA (Mode of Payment and Reporting of Non-Debt Instruments) Regulations to operationalise the expanded investment framework for individual persons resident outside India. The changes broaden payment and remittance avenues and facilitate foreign investment flows into India while preserving reporting and monitoring oversight. Read more at: argus-p.com/updates/update… Contributed by Aastha (Partner), Astha Singhania (Senior Associate) and Ekta Gupta (Associate). #QuickUpdate #Finance #RBI #FEMA #Investment #ArgusPartners

Argus Partners is pleased to announce that it has advised Glassbox Solutions Private Limited (“Glassbox”) and its founders with respect to 100% acquisition of Glassbox by Komerz Limited (UK) (“Komerz”). The acquisition was structured as a cross-border share swap, involving concurrent FDI and ODI components in accordance with the applicable corporate and foreign exchange regulations in India. The deal team at Argus Partners consisted of Jaidrath Zaveri (Partner) and Aradhana Pandit (Associate). Anindya Ghosh (Partner) provided strategic inputs on the transaction. #DealAnnouncment #Acquisition #Corporate #CrossBorder #FDI #ODI #ArgusPartners

Welcome to the Argus family, Aditi Maheshwari, Aditya Kashyap, Ashuthosh V, Chiraag Agarwal, Ekta Gupta, Eshwarya Sarraf, Gargi Bindal, Kartavya Rajput, Pragna Maddepally, Praseem Patel, Sakshi Singh and Shruti Walzade. We wish you all the very best in your new roles! #arguspartners #newjoinee #welcome #growth #teamstrength #newhires #lawfirm #mumbai #delhi #kolkata #bengaluru

We are pleased to share our latest client alert, 'Cracking the Code II: The New Central Labour Rules at a Glance', which examines the Central Rules notified under the four Labour Codes by the Ministry of Labour and Employment on May 8, 2026. The alert analyses the key regulatory changes introduced by the new rules across the Code on Wages, the Code on Social Security, the Industrial Relations Code and the Occupational Safety, Health and Working Conditions Code, vis-à-vis their erstwhile counterparts, and the practical and compliance implications thereof for employers. While these rules presently bind establishments for which the Central Government is the "appropriate government" (such as railways, mines, banking, insurance, telecommunications and air transport), certain provisions, including floor wages, the Employees' Provident Fund and Employees' State Insurance framework, national occupational safety standards and gig and platform worker schemes, operate nationwide and to that extent, the rules are applicable to all such establishments, for which State Government is the appropriate government. In particular, the alert traces significant shifts such as the extension of principal employer liability to the wages and bonus of contractual employees, the stipulation of qualifying period for gratuity entitlement of fixed-term employees and the attendant question of whether subordinate legislation may validly impose conditions absent from the parent statute, the new Central framework for recognition of negotiating unions, advance payment of construction cess on certified self-assessment, and the mandate for inclusive welfare infrastructure for transgender persons and persons with disabilities. Read more at: argus-p.com/papers-publica… Contributed by Arka Majumdar (Partner), Aakriti Garodia and Milind Anand (Associates). #ThoughtPaper #LabourLaw #CSSRules #IRRules #OSHRules #CoWRules #ArgusPartners

Argus Partners is pleased to announce that it has advised Chiratae Ventures on its investment in TakeMe2Space (TM2Space Technologies Private Limited). The company has raised approximately USD 5 million in the round led by Chiratae Ventures, with participation from existing investors Unicorn India Ventures, Artha Venture Fund and SeaFund. TakeMe2Space is a space technology company focused on developing and manufacturing low-earth orbit satellite infrastructure to power orbital data centres. It provides a software stack for in-orbit onboard computing, enabling customers to deploy and run artificial intelligence models directly on satellites. Through its innovative technology, TakeMe2Space aims to make space-based computing and data processing more accessible and commercially viable. The team at Argus Partners advising Chiratae Ventures consisted of Ashwin Krishnan, Jaidrath Zaveri (Partners) and Nivrithi Kumar (Associate). #DealAnnouncement #VentureCapital #Funding #SpaceTech #ArgusPartners

The NCLAT’s recent decision rejecting Vedanta’s appeal in Jaypee’s CIRP reaffirms the CoC’s central role in insolvency resolution and the limited scope of judicial review under the IBC. It also clarifies that value maximisation is not a mechanical exercise based only on the highest bid or NPV, but requires resolution plans to be evaluated as a whole, having regard to their overall feasibility, viability and commercial merits. Read more at: argus-p.com/updates/update… Contributed by Aastha . (Partner) and Sakshi Singh (Associate). #QuickUpdate #NCLAT #Restructuring #Insolvency #CIRP #CoC #IBC #ArgusPartners

The RBI has amended the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 to align them with the Companies Act fast-track merger framework, expressly recognising approvals by any “Competent Authority” (and not just NCLT) and facilitating streamlined inbound cross-border mergers into India, including reverse flips. Read more at: argus-p.com/updates/update… Contributed by Jaidrath Zaveri (Partner) and Kieran Correia (Associate). #QuickUpdate #Corporate #CrossBorder #Mergers #RBI #MCA #ArgusPartners

We are pleased to share that Argus Partners has advised BazaarNow, a quick-commerce startup, and its founders on its INR 72 crore funding round led by Peak XV Partners. The team at Argus Partners advising BazaarNow and its founders consisted of Jitendra Soni [Partner], Sadia Akhter [Senior Associate], Samia Haider and Abhirami Retheev [Associates]. The team at Argus Partners advising Whiteboard Capital and Antler consisted of Ankit Guha [Partner], Keshav Seth [Senior Associate] and Amruth S Rao Rao [Associate]. #DealAnnouncement #VentureCapital #Funding #Growth #BazaarNow #ArgusPartners

We are pleased to announce that Argus Partners has been recognised as Sports and Gaming Law Firm of the Year at the Thomson Reuters Asian Legal Business India Law Awards 2026, marking our fourth consecutive year receiving this recognition. We are grateful to our clients for their continued trust and confidence, and to our team for their dedication and commitment to excellence. #ALB #IndiaLawAwards #ThomsonReuters #Sports #Gaming #Awards #Recognition #LawFirm #ArgusPartners

Argus Partners is pleased to have advised Tega Industries (NSE: TEGA/ BSE: 543413) on the formation of its JV with Apollo Global Management, Inc. (Apollo). The Tega-Apollo JV was set up to acquire the Molycop Group from American Industrial Partners (AIP) at an enterprise value of ~USD 1.5 billion. Argus Partners also advised the Tega-Apollo JV in connection with their acquisition of the Molycop Group. The deal team at Argus Partners comprised Krishnava Dutt (Managing Partner), Armaan Patkar, Jaidrath Zaveri (Partners), Anish Kapoor (Senior Associate), and Kanishk G., Vishakha Somani (Associates). The deal team was supported by Aayush Kumar (Partner) and Srishti Solanki (Associate) on certain aspects of the transaction. Anti-trust advice on the transaction was provided by Adity Chaudhury (Partner), along with Anika Sharma, Anoushka Mani, Suvanwesh Das (Associates). Advice to Tega on matters relating to debt financing was provided by Aastha ., Aseem Dhawan (Partners), and Dharani Maddula, Khushi Doshi, and Mrunalini Vengurlekar (Associates). Advice on employment and labour law aspects was provided by Arka Majumdar (Partner). #DealAnnouncement #JointVenture #Acquisition #Mining #ArgusPartners