“IDFC Alternatives, the private equity arm of IDFC Ltd, has bought a 40 megawatt (MW) solar power project in Madhya Pradesh operated by IL&FS Energy, two people aware of the matter said. Vector Green Energy, a company formed by IDFC Alternatives’ India Infrastructure Fund II to house its renewa...

“Online payment service PayU has acquired California-based financial technology company Wibmo for $70 million (Rs 483 crore). PayU, which is the fintech arm of South Africa’s Naspers would combine its merchant network and Wibmo’s digital transaction security solutions to offer payments solutions to ...

“Managed IT services provider Claranet has announced the purchase of NotSoSecure, experts in ethical hacking training and penetration testing for networks, web and mobile apps,” reported Infosecurity Magazine . Link Legal India Law services advised Claranet Group Limited led by a team of managing pa...

“Apollo Hospitals Enterprise Ltd has acquired a 50 per cent stake in Medics International Lifesciences Ltd, a 330-bed super-speciality hospital in Lucknow, for ₹91 crore,” reported Hindu Business Line . Samvad Partners advised Medics International Life Sciences Limited led by a team of partner Vinee...

“National Company Law Tribunal (NCLT)’s Hyderabad bench on Thursday approved the resolution plan submitted by J K Papers Limited for the revival of Sirpur Paper Mills Limited’s operations in Telangana,” reported Business Standard about the insolvency . Shardul Amarchand Mangaldas & Co advised J...

“Private equity (PE) firm General Atlantic LLC is in final stages of discussions to buy a controlling stake in Capital Foods Pvt. Ltd, the owner of the instant noodles brand Ching’s Secret, according to two people aware of the development,” reported Mint . Shardul Amarchand Mangaldas & Co advis...

The deal involves a consortium of United Tradeco FZC and QVC Exports Private Limited, on their acquisition of Cosmic Ferro Alloys Limited. This acquisition is pursuant to the corporate insolvency process of Cosmic Ferro Alloys Limited and a successful approval of the resolution plan in the National ...

“Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth ...

The deal pertains to Kansai Nerolac Paints Limited’s acquisition of 55% of the fully paid-up equity share capital of RAK Paints Limited, according to reports . “Paint maker Kansai Nerolac today said it is in process to acquire 55 per cent equity stake in Bangladesh-based RAK Paints,” reported Busine...

The deal pertains to Apax Partners’ acquisition of Healthium Medtech from its existing private equity owners TPG Growth, which holds 73%, homegrown PE firm CX Partners and founding shareholders, according to reports . Shardul Amarchand Mangaldas & Co advised TPG Growth III Sf Pte Ltd led by a v...

“RPG Group-owned Zensar Technologies has acquired Cynosure for $33 million as it looks to deepen its offerings and expand in the US market, where firms are looking to shed legacy technology and adopt platforms to improve their service. Cynosure is a US IT services firm that focuses on mid-tier and s...

“Industrial and automotive battery maker Exide Industries Ltd on Monday announced it had reached an agreement with Tudor India Pvt Ltd to acquire its factory in Gujarat at an undisclosed price that is expected to be less than Rs25 crore,” reported Mint . Shardul Amarchand Mangaldas & Co advised...

“As part of the ongoing consolidation being done across Tata Group companies, Tata Motors Ltd will sell its Defence business to Tata Advanced Systems Ltd (TASL). This will not include the pure civilian vehicles which will continue to be with Tata Motors,” reported Hindu Business Line . Shardul Amarc...

“Digital wallet firm Paytm, owned by One97 Communications Ltd, has invested an undisclosed amount in Noida-based health-tech startup QorQL, a statement said,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised One97 Communications Limited , which owns Paytm , led by a team of partner ...

“Paytm Has Acquired Cube26 To Work Towards Building Special Engagement Features On The Application” reported Inc42 . Shardul Amarchand Mangaldas & Co advised One97 Communications Limited , the parent company of Paytm , led by a team of partner Raghubir Menon ; partner Ekta Gupta ; associate Adi...

The shareholders of Sage Metals Limited have transferred shares aggregating to 90% to a New York based private equity firm, Delos Capital, as reported by VCCircle . KNM & Partners advised Sage Metals Limited led by a team of senior partners Mukesh Kumar and Rakesh Gupta . 2018-03-01 {incomplete...

“Security & Intelligence Services India announced a strategic partnership with SLV Security Services (SLV), headquartered in Gurgaon, whereby it would take a 51% stake in SLV,” reported Business Standard . Shardul Amarchand Mangaldas & Co advised SLV Security Services Private Limited and i...

“Insulated panels maker Jindal Mectec and Ireland-based Kingspan has announced formation of a joint venture (JV) in India. The expertise and modern engineering practices of Kingspan Insulated Panels will be used to make new products to cater to the growing demand of the customers, he said at a press...

“Westbridge Capital, an India-focussed investment fund, has picked up a controlling stake of about 65% in salon chain, Enrich, buying out JM Financial’s private equity fund, the sole institutional investor in the company. The Rs 150 crore raise by Enrich Salons & Academy, will be through a mix ...

“Digital payments company Paytm has launched domestic hotel bookings on its platform and has acquired last-minute hotel bookings app Nightstay to expand its travel business,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised PayTM , owned by One97 Communications Limited , led by a te...