“Sterlite Technologies on Friday said that one of its subsidiaries will acquire Metallurgica Bresciana, a European specialised optical cable manufacturer, for €47 million in an all-cash deal,” reported Hindu Business Line . AZB & Partners advised Sterlite Technologies Limited and Sterlite Italy...

“United Motors Lanka PLC (UML) yesterday announced that it sold its entire stake in TVS Lanka (Private) Limited to the TVS parent company in India for Rs 1 billion. In a filing to the Colombo Stock Exchange, UML said it sold 17.5 million shares in TVS Lanka, representing a 50 percent stake, to TV Su...

“Hospitality firm OYO today said it has acquired wedding banquet company Weddingz.in for an undisclosed amount,” reported New Indian Express . AZB & Partners advised OYO Rooms (operated by Oravel Stays Private Limited ) led by a team of partner Niladri Maulik and lawyers Siddharth Khanna , Niki...

“Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount. Reliance has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (al...

“Cisco has said it will buy California and Bengaluru based July Systems, a mobile application platform provider. This move will help Cisco bolster its enterprise Wi-Fi platform to enable better indoor location services capabilities, among other offerings,” reported The Economic Times . AZB & Pa...

“Omni-channel nutrition platform HealthKart has raised USD 25 million (over Rs 174 crore) from investment firm Sofina in a fresh round of funding. The company will use the funds to expand its offline store network, develop additional direct-to-consumer nutrition brands and strengthen its vertical in...

“SPi Global, a Philippines-based content technology and solutions enterprise on Tuesday, said it has acquired Chennai-headquartered Scope e-Knowledge Center for an undisclosed sum. Scope is one of the five businesses under the umbrella of the Quatrro group of companies, largely focused on services a...

“Amelio Early Education, a corporate daycare provider, and a subsidiary of Babilou Grouphas acquired Tom & Jerry Creche, a Bengaluru-based chain of B2B childcare centres,” reported Hindu Business Line . Shardul Amarchand Mangaldas & Co advised Babilou SAS (acting through its subsidiary Ame...

“Bangalore-based Capillary Technologies Pvt Ltd, a SaaS-based CRM solutions provider, has secured around Rs 300 crore ($45 million) in a fresh round of funding led by private equity firm Warburg Pincus,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Capillary Technologies led by ...

“Nasdaq-listed Ebix Inc has acquired Pune-based Indus Software Technologies Pvt Ltd for $29 million, including $5 million of contingent earnout,” reported Hindu Business Line . Shardul Amarchand Mangaldas & Co advised existing shareholder BD Capital Partners Limited led by a team of partner Pro...

“Singapore-based XSEED Education on Tuesday announced an agreement to acquire Report Bee, an Indian education technology startup focused on assessment analytics and reporting in K12 schools, for an undisclosed amount,” reported Yourstory . Shardul Amarchand Mangaldas advised Xseed Education Pte Limi...

“Epiq Capital, the growth and late-stage technology-focused investment firm set up by former Matrix Partners India Co-founder Rishi Navani, has closed its first three investments, since the Mumbai-based firm set up shop two years ago. The investment firm has placed bets on three prominent Indian sta...

“Tanla Solutions signed a definitive share purchase agreement to acquire Karix Mobile (formerly known as mGage India) and its wholly owned subsidiary Unicel from GSO Capital Partners, a Blackstone company, at an enterprise value of ₹340 crore. Shares of Tanla Solutions ended 4.91 per cent higher at ...

“City-based Star Health & Allied Insurance Company Ltd., the country’s first standalone health insurance firm, is set to change hands,” reported The Hindu . “Safecrop Holdings Pvt. Ltd., a consortium comprising WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed definitive agree...

“The long-awaited merger of Tata Steel and ThyssenKrupp is set to go ahead, as the two firms signed a definitive agreement for a 50-50 joint venture, creating Europe’s second largest steel company after ArcelorMittal,” reported Hindu Business Line . AZB & Partners advised Tata Steel Limited led...

“Cotecna Inspection S.A. is pleased to announce the acquisition of Shiva Analyticals (India) Private Limited, one of India’s leading analytical testing laboratories. The acquisition was completed on 5th September 2018,” reported Cotecna . AZB & Partners advised Cotecna Inspection S.A. led by a ...

“National Company Law Tribunal (NCLT), Kolkata, has approved Liberty House Group’s resolution plan for … Zion Steel, the company said,” reported Business Standard about the insolvency . AZB & Partners advised resolution professional Sumit Binani and transaction advisor Grant Thornton India LLP ...

“Conduent Incorporated … announced it has entered into a binding agreement to sell its U.S. based human resource consulting and actuarial business. The deal also includes human resource consulting and outsourcing businesses located in Canada and the U.K. This business, formerly known as Buck Consult...

“In a bid to tap into the test prep market, online education startup Unacademy has acquired Jaipur-based online exam preparation platform Wifistudy. The deal size is $10 million, mostly consisting of stock,” reported The Economic Times . Themis Associates advised Unacademy , owned by Sorting Hat Tec...

Shree Cement Ltd, one of India’s top three cement makers, is looking to close the acquisition of Union Cement Co. PSC by July, a few months ahead of plans, according to Subhash Jajoo, Shree Cement’s chief financial officer,” reported Mint . Freshfields Bruckhaus Deringer advised Shree Cement led by ...