HCL Tech Ltd informed the exchanges on October 11, 2019, that it has completed acquisition of Sankalp Semiconductor Pvt. Ltd. HCL had announced the acquisition on Sep 9, 2019. The acquisition of Sankalp Semiconductor has been done for for Rs 180cr. The target co. is an advanced technology design ser...

Norwest Venture Partners announced that it has made a strategic investment in SmartSign, the nation’s leading online distributor of signs, labels and tags. SmartSign is headquartered in Brooklyn, New York and is led by Founder and CEO, Blair Brewster. Smartsign LLC has an Indian subsidiary, SmartSig...

metadesc: Khaitan & Co advised Grasim Industries Limited led by a core transaction team of partner Nikhilesh Panchal , principal associate Purti Minawala , associate Shayak Sircar , associate Chintan Aaswhini and associate Mohit Rai with assistance from real estate partner Devendra Deshmukh and...

Affirma Capital, the newly formed emerging markets private equity platform, has completed its management buyout (MBO) from Standard Chartered Bank, led by its seven partners and backed by Intermediate Capital Group’s (ICG) strategic equity funds through the acquisition of a majority of the bank’s pr...

IT major Wipro Limited … secured a strategic seven-year deal valued at $300 million from ICICI Bank to provide a suite of digital services… Currently, Vara lnfotech provides these services to ICICI Bank. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara lnfotech a...

Dunzo, a local delivery marketplace, has raised $45 million in a fresh round of Series D from Lightbox Ventures, Google, 3L Capital, and STIC Investment & STIC Ventures. With this round, its total funding raised to date is $81 million. — Hindu Business Line An Indian startup that is increasingl...

CK Jaipuria Group has exited from Gamma Pizzakraft (Overseas) Private Limited, by selling the owners’ their collective shareholding of 26% of share capital to Sapphire Foods India Private Limited, which is part of Samara Capital. The CK Jaipuria Group comprises of Gamma Pizzakraft (Overseas) Private Limited, Jaipuria Beverages and Food Industries Private Limited, Ganpatie Traders Private Limited, C K Jaipuria and Amar Raj Singh.

Gurugram-based Super Highway Labs, which runs and owns bus aggregator platform Shuttl, has raised a part of its Series B funding of Rs 41 crore from a clutch of investors led by Proof.VC, according to Shuttl’s filings with the Registrar of Companies (RoC). — Yourstory Jerome Merchant + Partners advi...

Reliance Industries’ subsidiary Haptik said on Tuesday it had acquired Buzzo.ai, a Mumbai-based conversational commerce startup. Haptik is a conversational artificial intelligence firm that was acquired by Reliance Jio, the telecom unit of Reliance Industries, earlier this year. — The Economic Times...

Invenio Business Solutions, a global provider of business-focused technology solutions and consulting services, has today announced the acquisition of Proverbium, a Bangalore-based logistics consultancy. — Press Release Legasis Partners advised Invenio Business Solutions Private Limited led by a tea...

Ford Motor Co. will cede control of most of its India operations to Mahindra and Mahindra Ltd (M&M), underscoring the US company’s long-drawn struggles to make a bigger dent in the world’s fourth-largest automobile market

JSA advised and assisted Broadview Holding B.V. (“Broadview”) on the acquisition of Formica Group (“Formica”), a business unit of Fletcher Building Holdings Limited, and , according to reports . CINCINNATI… Broadview Holding, a Netherlands-based industrial holding with a significant presence in mate...

Texas … HMS Holdings Corp. (Nasdaq: HMSY) … announced it has acquired VitreosHealth, a privately held company based in Plano, Texas, that offers predictive and prescriptive health insights for population risk models. Prior to the acquisition, VitreosHealth served as a key strategic partner for HMS, ...

PTC India Limited has entered into a joint venture with BSE Investments Limited and ICICI Bank Limited in Pranurja Solutions Limited, to create India’s third electricity exchange. PTC India Limited (PTC) has executed a SSA and SHA on 26th April, 2019 with BSE Investments Limited (“BSE”) and ICICI Ba...

Blackstone already held a 50% stake in Indiabulls Real Estate, making this a quasi-joint venture.

General Motors (GM) and Tata Consultancy Services (TCS) … announced a new partnership under which the IT major would support the leading automaker in future vehicle engineering across global markets. The new association builds on the 16-year long relationship between the two companies, the companies...

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) on Wednesday have announced that the two companies entered into an agreement regarding a capital alliance (the Alliance). This is to establish and promote a long-term partnership between the two companies for collaboration in ne...

US-based private equity firm Advent International Corporation is set to acquire a controlling stake in home-grown snacks maker DFM Foods Pvt Ltd that owns brands such as Crax and Natkhat. — Hindu Business Line J Sagar Associates (JSA) advised Advent International led by a team of partners Vikram Rag...

Sodexo takes strategic minority stake in Zeta, an Indian fintech company: Sodexo, world leader in Quality of Life services, announced today that its Benefits & Rewards Services (BRS) activity has entered into final discussions to take a strategic minority stake in Zeta, , which has been partner...

UK mid-market private equity firm Equistone Partners Europe has struck a deal to acquire the knowledge services arm of Moody’s. — PENews Cyril Amarchand Mangaldas handled the India leg of the deal for Equistone Partners Europe led by a team of managing partner Cyril Shroff and included partners Gaut...