India’s largest mortgage lender HDFC has sold its realty brokerage business HDFC Realty and its digital real estate business HDFC Developers which owns HDFC Red to online classifieds player Quikr. The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, according t...

QuEST Global Services (QuEST), a global leader in providing premium engineering solutions, has announced the acquisition of Mobiliya Technologies based out of Pune, India. The acquisition will strengthen QuEST Global’s capability in Industrial & Hi-Tech verticals and add new service offerings i...

Wipro said it has completed divestment of data centre operations to Ensono in India for $6 million on September 30. Wipro acquired hosted data centre business from Infocrossing over a decade ago. — The Economic Times

IndusLaw advised Wipro.

2018-10-02

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Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay segment. The deal, negotiations for which were kicked off in October ...

Health and fitness startup Cure Fit Healthcare Pvt. Ltd, founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, will merge its fitness brand Cult.fit with premium chain Fitness First India as it seeks to shore up revenues for its well-funded platform. — VCCircle Indus...

“Hüttenes-Albertus Chemische Werke GmbH (HA) announced it has increased its stake in its longstanding Indian joint venture Gargi Hüttenes-Albertus Private Limited (Gargi HA) from 40% to 74%. HA´s co-shareholder in Gargi HA, the Kapur family, will remain a strong minority shareholder with 26%. The Ka...

Finnish packaging firm Huhtamaki has entered the growing foodservice packaging market in India by acquiring 51 percent of Val Pack Solutions Private Limited, a privately held paper cup manufacturer based in Mumbai, for approximately Euro 2 million (about Rs 15 crores). The business will become part ...

Asia Healthcare Holdings, the platform backed by TPG Growth and Temasek Holdings, is all set to acquire Nova IVI Fertility, in a deal said to be worth $100 million, ET first reported, — The Economic Times Veritas Legal advised TPG and Asia Healthcare Holdings (AHH) led by a team of partner Nandish V...

Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, announced today the completion of the acquisition of a majority stake in Crest Cellulose, from Pravesha Industries, a major Pharma packaging company in India. — Roquette Veritas Legal advised Roquette Frères...

Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in Indian Energy Limited (IEL) at a price of ₹364 million (~$5.545 million). — Mercomindia

IndusLaw advised Renew.

2018-05-01

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Home rental start-up NestAway Technologies Pvt. Ltd has acquired smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount, a move that will help NestAway expand its offerings for families, the company said on Sunday. — Mint

IndusLaw advised Zenify.

2017-05-08

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In what is an important development for Indian language enabling of India’s Internet, Reliance Industries has acquired a majority stake in Reverie Language Technologies: RIL, India’s largest business conglomerate, has acquired an undisclosed majority stake for Rs 190 crores (around $27.3 million a c...

In a first, Singapore based Agritrade Resources has acquired SKS Power Generation (Chattisgarh) in a one-time settlement of Rs 21.70 billion with its lenders. This would be the first one-time settlement resolution of a power asset post-Reserve Bank of India’s February circular this year. — Business ...

Online classifieds company Quikr has acquired Chennai-based India Property, a full-stack real estate platform. YES Securities Investment Banking acted as the financial advisor for the deal while IndusLaw and S&R Associates were the legal advisors, the company said in a statement. — The Economic...

Kobe Steel has fully taken over L&T Kobelco Machinery (LTKM), which designs and manufactures machinery for producing car and construction equipment tires, including rubber mixers and twin screw roller head extruders. — Tiretechnologyinternational Link Legal India Law Services advised Larsen &#x...

Digital solutions firm Zensar Technologies said that it has entered into an agreement with Lorhan IT Services, a wholly-owned subsidiary of First Tek, to divest its Australia, the Middle East and India-based businesses. This is in line with the company’s decision to focus on and invest in the core m...

RP-Sanjiv Group’s retail arm Spencer’s Retail has acquired Grodrej group’s premium food retailing venture, Natures Basket, for around Rs 300 crore in an all-cash deal. Nature’s Basket operates 36 stores in Mumbai, Pune and Bengaluru. Nature’s Basket is a wholly-owned subsidiary of Godrej Industries....

Foodpanda, the online food ordering and delivery startup owned by Ola, has acquired Mumbai-based, food-tech startup Holachef Hospitality Pvt. Ltd for an undisclosed sum, the company said in a statement … Mint had on 2 August reported that Foodpanda was in advanced talks to buy Holachef, which had sh...

Search giant Google has acquired Sigmoid Labs Pvt Ltd, a Bengaluru-based startup that owns travel app Where Is My Train, the companies said on Monday. The terms of the deal have not been disclosed. — VCCircle Samvad Partners advised Sigmoid Labs Private Limited and its founders led by a team of part...

Mobile marketing company Affle (India) has acquired Bengaluru-based Vizury Interactive Solutions’ commerce business and brand in an all-cash deal, the company said in a statement. Affle (India), which had earlier filed papers for an Initial Public Offering (IPO), did not disclose the financials of t...