A joint venture company to be created of the Kho Kho and Sports Promotion Trust according to ET and The Hindu.

AZB & Partners advised Kho Kho Sports League Private Limited led by a team of partner Sachin Mehta, and associates Shivranjani Ralawata and Utsav Agarwal.

2018-12-19

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Tata Teleservices (TTSL), the mobility division of Tata Sons, will pay American Tower Corporation (ATC) $320 million (Rs 2400 crore) as a one-time cash settlement for prematurely winding up some 30,000-odd tenancies after deciding to sell its mobility business to Bharti Airtel. Tata Tele will also s...

In a bid to diversify its business from hotel to co-working spaces, OYO has announced the acquisition of Innov8, a co-working space provider for ₹220 crore. The investors of Innov8 have taken an exit after the deal. Post-purchase, the founder of Innov8 Ritesh Malik will continue to expand Innov8 und...

Private equity player Everstone will sell its 70% stake in Rubicon Research for around ₹1,000 crore, which will fetch more than four times return on the initial investment. — Mint AZB & Partners advised Rubicon Research Private Limited , its promoters (Parag Sancheti and his family), and an exi...

American private equity firm Warburg Pincus said on Saturday that it had entered into definitive agreement to acquire 80% stake in Avanse Financial Services Ltd from Wadhavan Global Capital group, the PE firm said in a statement. — Mint AZB & Partners advised Warburg Pincus LLC led by a team of...

A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastru...

3M Co. has completed the $1 billion acquisition of M Modal’s technology business, officials announced… — Startribune AZB & Partners advised New MMI Holdings Inc ( M Modal ) led by a team of partner Srinath Dasari , and associates Veena Gopalakrishnan , Malaveeka Chakravarthy , Nishanth Ravindra...

Delta Corp., India’s only listed gaming and hospitality company, listed on Bombay Stock Exchange (BSE) as “DELTACORP” has announced through a regulatory filing on BSE that it has invested $10 million in Jalesh Cruises Mauritius Ltd. (JCML) through its subsidiary Gaussian Software Pvt. Ltd. — Gutshot...

Mahindra CIE Automotive … completed the acquisition of Aurangabad Electricals for Rs 830 crore. — Moneycontrol AZB & Partners advised Mahindra CIE Automotive Limited led by a team of partners Srinath Dasari , and associates Gautam Rego Samyuktha Santhosh. Crawford Bayley acted for the promoters...

Thomas Cook India Group announced its acquisition of a 51% stake in Digiphoto Entertainment Imaging (DEI) at an enterprise value of $40.6 million (Rs 289 crore). Thomas Cook said the transaction is subject to regulatory approvals and customary closing conditions. — The Economic Times AZB & Part...

Acquisition by Eagle View Technologies Inc and its related entities of 100% of the shareholding of the APMSE Software Services Private Limited from CentralSquare Technologies. AZB & Partners advised CentralSquare Technologies led by a team of partners Ashwath Rau , Anu Tiwari , and associates J...

Tata Steel Ltd has agreed to sell most of its steel business in South-East Asia to China’s state-owned HBIS Group as the Indian steel maker continues efforts to trim its massive debt and focus on its fast-growing home market. — Mint AZB & Partners advised TS Global Holdings Pte Ltd ( Tata Steel...

SoftBank is set to invest $400 million for an over 40% stake in BrainBees Solutions, which owns and operates omni-channel baby and mother care product retailer FirstCry, according to three people aware of the development. The Tokyo-headquartered investment giant, which has been scouting for fresh in...

Bain Capital has acquired a majority stake in US-based digital technology consulting and solutions firm Brillio, in a control transaction that was led by the private equity firm’s India team. — VCCircle AZB & Partners advised Bain Capital led by a team of partners Nandita Govind , Anisha Shridh...

Agrocel Industries Pvt Ltd acquired 100% in Solaris Chemtech Industries Limited, an Avantha group company. AZB & Partners advised Agrocel Industries Pvt Ltd led by a team of partner Vaidhyanadhan Iyer , and associate Sneha Nagvekar . 2018-12-25 This deal has not been reported by any mainstream ...

The Kolkata bench of the National Company Law Tribunal (NCLT) … approved Liberty House’s resolution plan to acquire Adhunik Metaliks. The bench comprising Justice Jinan KR held that “the revival plan of the company in accordance with the approved resolution plan shall come into force with immediate ...

Bank of America Merrill Lynch (BofAML) and J M Financial Asset Reconstruction Company have together acquired up to 77 per cent of the total debt of cashstrapped SevenHills Healthcare, said two persons involved in the transaction. The purchase of the debt will give the consortium control over the two...

AT&T* today announced a new strategic alliance with Brookfield Infrastructure and its institutional partners (“Brookfield”) pursuant to which AT&T will transfer data center colocation operations and assets to Brookfield. Under Brookfield’s ownership, the business will continue to deliver c...

Private equity firm Warburg Pincus is setting up a joint venture with Lemon Tree Hotels Ltd that plans to invest as much as Rs 3,000 crore ($426 million) to develop full-service accommodation for students and young working professionals. — VCCircle AZB & Partners advised Warburg Pincus and Lemo...

The Ken, a subscription-based online news platform, said on Wednesday that it had raised $1.5 million (around Rs 10 crore) in a Series A funding round led by impact investor Omidyar Network. — VCCircle AZB & Partners advised Omidyar Network via ON Mauritius led by a team of partner Ashwath Rau ...