A consortium of private equity investors led by CX Partners has acquired “significant equity ownership” of Ahmedabad-based Veeda Clinical Research for an undisclosed amount. — Dealstreetasia Platinum Partners advised CX Partners led by a team of partner Ankit Majmudar , partner Abhik Ghosh , associa...

Teva Pharmaceutical Industries has announced that Teva and the Procter & Gamble Company [NYSE: PG] have agreed to terminate the PGT Healthcare partnership that the two companies established in 2011 to market OTC (Over The Counter) medicines. The separation is planned to take effect July 1, 2018...

[lodging products, physical access systems company] dormakaba and the Indian partners have agreed to divide their existing shareholding in Dorset Kaba among them as per agreed terms, thus dissolving the joint venture that was initiated by former Kaba Group in 2007 to gain a foothold in the attractiv...

Consumer durables firm Bajaj Electricals has entered into an agreement to acquire the entire stake in non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash. Subsequent to the acquisition, Nirlep will become a wholly-owned subsidiary of Bajaj Electricals. — Hindu Business Line J Sagar...

Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in...

Security and Intelligence Services India has signed definitive agreements to acquire initially 80 per cent shareholding in Rare Hospitality and Services Private Limited. The acquisition would help the company increase its market share in facilities management services, and also increase its presence...

Redkite Capital Private Limited (Redkite Capital) and SSG’s India Opportunities III Pte Limited (SSG), a SEBI registered Foreign Portfolio Investor, acquired a controlling stake in Tourism Finance Corporation of India (TFCI), a listed Non-banking Financial Company (NBFC), according to a SEBI filing ...

“Nasdaq-listed Make-MyTrip has picked up a majority stake in internet-based corporate travel management company Quest2Travel (Q2T), the Gurgaon-based online travel major said on Tuesday, without disclosing the financial terms of the deal,” reported ET . Desai & Diwanji advised Quest2Travel .com...

Aircel’s lenders are said to have approved a proposal of takeover from UV Asset Reconstruction Company (UVARCL), ending a year-long debt resolution process that was the first of its kind in the telecom sector. While the bankrupt operator may have narrowly escaped liquidation, its financial creditors...

Competition watchdog CCI has cleared Japan-based Nippon Steel & Sumitomo Metal Corporation’s acquisition of 51 per cent shareholding in Sanyo Steel. — The Economic Times Sanyo is active in Indian special steel manufacturing via subsidiaries Sanyo Special Steel India and Mahindra Sanyo Special S...

GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,000 crore from...

Seattle, Washington-based automated tax compliance solutions provider Avalara has acquired startup Indix… The acquisition was executed for an undisclosed sum. Indix is an artificial intelligence platform for product data information. Begun in 2010, Indix is based out of Seattle, US, with its product...

Valiant Organics Limited, a company listed on the Bombay Stock Exchange, has acquired Amarjyot Chemicals Limited by way of court approved merger. Pursuant to the merger, the shareholders of Amarjyot have been issued equity shares and optionally convertible preference shares of Valiant, according to ...

Payments startup Pine Labs has acquired Amazon-backed Qwikcilver, a gift card technology startup for $110 million, it said in a statement Tuesday. — Mint MD&T Partners advised Qwikcilver Solutions Private Limited led by a team of partners Mahesh Devaiah , PV Sandhya , senior associate Sridip Su...

Amber Enterprises India Ltd… has approved the proposal to enter into the definitive agreements for acquiring eighty percent (80%) stake upfront in the equity share capital of Sidwal Refrigeration Industries Private Limited (’Sidwal’), which will include in it, the business of Sidwal Technologies.Thi...

Private equity firm True North sold majority stake in VKL Seasoning Pvt. Ltd., to Firmenich, the company said … The deal will enable the Swiss company to have a deeper penetration in the Indian market as the country is one of the fastest growing markets. — Mint S&R Associates advised Firmenich ...

Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain that is popular in Bangalore, for Rs 40.79 cr in cash. — Ultra.News Desai & Diwanji advised Future Retail Limited led by a team of partner Siddharth Mody , senior associate Rahul Deodhar , and associates Prerana Cha...

Haldirams Ltd and its promoters acquired Everstone Capital-backed Pan India Food Solutions Ltd (PIFS) along with various popular food brands owned by PIFS, such as Gelato Italiano, Coffee Bean & Tea Leaf and Spaghetti Kitchen, according to reports . Shardul Amarchand Mangaldas & Co Kolkata...

Dvara KGFS (formerly IFMR Rural Channels and Services), an NBFC under Dvara Trust that caters to rural towns across India, on Tuesday announced that it acquired Varam Capital Private Limited a NBFC – MFI. ET . Agraa Legal partner Abhijit Atur advised Varam Capital Private Limited and its promoters. ...

JSW Steel Tuesday went procedurally a step closer to acquiring an asset in bankruptcy-induced ownership change after the administrator overseeing the sale of Bhushan Power and Steel issued a letter of intent (LoI) in favour of India’s biggest maker of the alloy. JSW Steel had made a Rs 19,650-crore ...