Advised Palo Alto Networks, Inc on the India leg in relation to the acquisition of Cloudgenix, Inc. by Palo Alto Networks, Inc. The transaction was structured as a reverse triangular merger, according to reports . Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced that...

Parinam Law Associates has acted for Mylab Discovery Solutions and Serum Institute of India in their joint venture to manufacture Covid-19 testing kits, led by managing partner Hitesh Jain , partner Mallika Noorani and senior associate Manali Kshirsagar . As India faces a severe shortage of coronavi...

Aéroports de Paris (AdP) S.A.proposed to invest INR 10,780 crore in GMR Airports Limited. The transaction involves an acquisition of an aggregate 49% stake in GMR Airports Limited in two tranches. The second tranche of the transaction is subject to approvals from regulatory authorities, according to...

Siemens has signed an agreement to acquire New Delhi-based C&S Electric Ltd, a leading provider of electrical and electronic equipment, for ₹2,100 crore. — Hindu Business Line S&R Associates advised C&S Electric Limited led by a team of The S&R corporate team included partners Sa...

Bengaluru-based NoBroker Technologies Solutions Pvt. Ltd has acquired property operations platform Society Connect for assimilation into its community management service, the real estate startup said in a statement on Tuesday. — VCCircle Samvad Partners advised NoBroker Technologies Solutions Privat...

UK-based Inflexion Private Equity (“Inflexion”), a mid-market private equity fund with a portfolio of more than 70 operating companies around the world, has bought Pharmaspectra LLC, which provides scientific knowledge services for the medical and pharmaceutical industry. Inflexion is pleased to ann...

CAM acted for the investors propping up the bank, advised by AZB; Yes had been in intensive care since the Reserve Bank of India (RBI) had put the company on a moratorium on 5 March, which is now set to end in three days following the resolution. AZB & Partners advised Yes Bank Limited (“Bank”)...

Canadian asset manager Brookfield Asset Management is investing ₹1,450 crore in Everstone Capital-backed lender IndoStar Capital Finance Ltd, according to the lenders filings with stock exchanges. — Mint S&R Associates advised Everstone Group led by a team of partners Sandip Bhagat and Rachael ...

Wockhardt, which is reeling under heavy debt and is trying to deleverage its balance sheet, has agreed to sell multiple products and a manufacturing facility to Dr Reddy’s Laboratories. In a regulatory filing, Wockharrdt said Dr Reddy’s Labs will acquire 62 products and its unit in Baddi, Himachal P...

Apollo Micro Systems, which caters primarily to defence and aerospace sectors… said it will acquire majority stake in with Ananya SIP RF Technologies (ASIP RF). Through the proposed acquisition, the company aims to expand the business towards new technologies by establishing a radio frequency (RF) a...

Acquisition of 60% stake in the Investment Services Business of Fiserv Inc. by Motive Partners, according to reports . AZB & Partners advised Motive Partners led by a team of partners Ashwath Rau and Anu Tiwari , senior associates John Adwet Raghav , Apeksha Mattoo and Sohni Kherada . Deal valu...

Private equity (PE) giant Blackstone Group is investing ₹380 crore to buy a majority stake in the warehousing business of Mumbai-based Allcargo Logistics Ltd for developing logistics parks in key consumption hubs across India. — Mint Khaitan & Co advised The Blackstone Group led by a team inclu...

JSW Energy has entered into exclusive discussions with GMR Energy Limited (GEL) for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited (GKEL), which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha, for an enterprise value of ₹5,321 crore. — The Hindu Cyril Am...

Delhi-based Jindal Defence, part of O P Jindal Group, today announced its foray into small arms manufacturing in India via a joint venture (JV) agreement with Taurus Armas S.A., of Brazil. — Business Standard ALMT Legal Bangalore advised Taurus Armas SA led by a team of partner Rajat Bopaiah , and a...

Chalet Hotels Limited (Chalet), today signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels Private Limited (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels Private Limited (SHPL) based on an aggregate enterprise value of ~Rs.290 crore. — E...

France-based Imerys Group, a company into mineral-based specialities, has signed an agreement to acquire Hyderabad Industries Ltd’s (HIL’s) thermal insulation business for ₹80 crore in an all-cash deal. HIL is a part of the $1.6-billion CK Birla Group. — Hindu Business Line Khaitan & Co advised...

Terna S.p.A. (“Terna”) signed an agreement to acquire 90% stake in the share capital of Brugg Kabel AG (Brugg Group), one of the leading operators in the underground-cable sector, designing, developing, creating, installing and maintaining electrical cables of all voltage levels and accessories for ...

Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its banking portfolio in India to DCB Bank as it plans to exit all operations in India. The bank … said the decision “will have no impact on profitability” and is part of its strategy to focus on its home market, the UAE. — Gulfnews...

Uber will get a 10% stake in Zomato in a deal that values Uber Eats at $300-350 million, a person familiar with the matter said on condition of anonymity. In January, Zomato raised $150 million in fresh capital at a valuation of $3 billion from existing investor Ant Financial. — Mint AZB & Part...

Piramal Enterprises Limited will sell Decision Resources Group (DRG) - its healthcare insights & analytics business to the US based Clarivate Analytics plc, for $950 million. PEL DRG Dutch HoldCo BV, a 100% subsidiary of PEL & the holding company for DRG, has signed a definitive agreement ...