Beleaguered ecommerce company ShopClues has found an unlikely home. Once a unicorn, the Gurugram-based startup was struggling to keep afloat due to a fund crunch. It was bought by Singapore’s Qoo10 for approximately $70 million in an all-stock deal in early November. Qoo10, barely known in India, is...

Penguin Random House India has acquired the book-publishing assets of Duckbill Books that includes titles and its backlist of non-fiction and fiction books across a broad range of categories. “The Duckbill brand will be published within Penguin Random House India’s children’s publishing group divisi...

Orient Refractories Limited has completed the process of acquisition of assets/plant & machinery from Manishri Refractories & Ceramics Private Limited. The company has entered into asset purchase agreement with Manishri Refractories & Ceramics Private Limited, to acquire certain asset...

City Football Group Limited acquired Mumbai City FC in a deal including diligence, pre-acquisition restructuring, drafting and negotiating the transaction documentation and advising on the Indian football regulatory framework, according to ET’s Brand Equity . City Football Group (CFG) has agreed a d...

Travel services firm Thomas Cook India … said its corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru. “…the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Ltd and Travel Corporation (India) Ltd and TC Travel Ser...

Mining market intelligence providers Metal One Corporation, Japan and Shanghai Ganglian E-Commerce Holdings Co. Ltd., China and three founder shareholders of India’s leading steel information company, SteelMint, have entered into a joint venture, selling a majority stake to the . Metal One and Gangl...

Japan’s Mitsubishi Corp. is set to increase its 3% stake in TVS Automobile Solutions Pvt. Ltd (TASL) to 25%, the companies announced on Monday in Chennai. — Mint TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group,...

Acquisition by the SVF Doorbell (Cayman) Ltd., a subsidiary of SoftBank Vision Fund of certain further compulsorily convertible preference shares by which the aggregate holding will now be over 25%, according to reports . SoftBank Vision Fund, the world’s largest technology investor, is set to buy a...

Amsterdam-based Global University Systems (GUS) is in talks to buy the India business of US-based Laureate Education for at least Rs 1,200 crore, said two people familiar with the development. This will be one of the largest buyout deal in the private education space. — The Times of India The deal h...

Siemens Industry Inc and its affiliates entered into a global transaction involving Siemens’ acquisition of certain assets of Pixeom Inc, which included certain Indian law aspects in the asset transfer transaction, such as: Siemens Industry Software (India) Private Limited acquiring the relevant inf...

New Delhi: Leading media firm Amar Ujala Ltd has acquired a majority stake in Cygnus Medicare, which operates a chain of super specialty hospitals, for around Rs 130 crore as part of its expansion plans in the healthcare segment. Cygnus Medicare currently has more than 1,000 beds across its 10 super...

Private equity firm Advent International (Advent) has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines Limited for an undisclosed sum. Bharat Serums is a biopharmaceutical player in women’s healthcare, assisted reproductive treatment, critical care and emerg...

Rainshine Entertainment Private Limited invested in a media company and development platform Medverve Impact Ventures Private Limited (“ATS”), according to Jerome Merchant & Partners. ATS is in the business of producing original journalism, documentaries and narrative non-fiction content across...

Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country. HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems. — The Econom...

On 10th October, Sunil Subramaniam, CEO, Sundaram Asset Management Company announced the sale of the Registrar and Transfer Agent (RTA) business Sundaram BNP Paribas Fund Services Ltd to Karvy Fintech Pvt Ltd. Although the business has been sold, the company Sundaram BNP Paribas Fund Services will c...

Indian diagnostics company Tulip Diagnostics Private Limited has acquired Biosense Technologies Private Limited for an undisclosed amount, according to AK & Partners. Tulip makes and markets in-vitro diagnostic reagents and kits both nationally and internationally, while Biosense manufacturers ...

Nashik-based software company Winjit Technologies Private Limited, which is active in the IoT, AI, machine learning, product engineering, blockchain and fintech space, has raised funds in a hybrid of a primary and secondary transaction from the RIB Group, which is a provider of iTWO 4.0 Cloud Enterp...

Singapore-based Moving Walls announced an agreement to acquire Chennai-based Quad42 Media, which provides a digital signage management platform. — Campaignindia Legasis Partners advised Moving Walls Pte Limited led by a team of partner Apurv Sardeshmukh , associate Aanchal Lamba , and associate Avad...

Private equity firm CX Partners is picking up a majority 50.1 per cent stake in Dindigul Thalappakatti Biriyani for Rs 260 crore in what will be one of the largest investments in a local restaurant chain brand in India. The deal with the iconic Tamil Nadu restaurant, which started with just one outl...

Italtractor ITM SpA Group set up a joint venture in India together with DOZCO (India) Private Limited for the purposes of production of undercarriage components and the assembly of complete undercarriage solutions to optimise service to local and global customers, according to a company statement . ...