Reliance Industries has bought out iconic British toy chain Hamleys, after several years of subsidiary Reliance Retail under licence having expanded the brand in India to the 88 stores (out of 167 globally, in 18 countries), reported NDTV . Khaitan & Co acted for Reliance Industries ., led by p...

“State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore,” reported Yahoo about the PSU sale. Cyril Amarchand Mangaldas advised REC Limited led by a t...

“India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) will acquire five electricity transmission assets worth ?11,500 crore ($1.66 billion) from Sterlite Power,” reported Hindu Business Line . “Global alternative assets giant KKR is moving to acquire a controlling stake in Sterlit...

“Infrastructure major Larsen & Toubro has purchased around 20% stake of V.G. Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore,” reported Mint, about the purchase that was formally announced last week.

“The Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a group of investors led by Sharad Sanghi and others,” reported Business Standard about the insolvency acquisition. The deal ...

“Adani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore. “The acquisition is complementary to ALL adding meaningful Size, Scale and Diversification,” repor...

“Varun Beverages Ltd (VBL) on Monday said that its board has approved plans to acquire franchise rights from PepsiCo in the South and West regions,” reported Hindu Business Line about the business transfer.

Reliance Industries controlled Reliance Industrial Investment and Holdings (RIIHL), has picked up majority stakes in companies C-Square Info Solutions from the existing shareholders for up to Rs 22.04 crores ($3.1m) for acquisition of shares of up to Rs 60 crore ($8.6m), according to reports . Khait...

AkmeRhine River Projects Private Limited was completely acquired by Sandhya Hotels Private Limited, according to MNSA Legal. MNSA Legal advised Akme Rhine River Projects Private Limited led by a team of partner Shadaab Anwar , partner Manish Gaurav , partner Aniket Gautam . Also advising was Atlas L...

“NSEIT, a wholly-owned subsidiary of National Stock Exchange of India (NSE) has acquired Aujas Networks, a cybersecurity firm whose customers include Japanese financial services group Mitsubishi UFJ and a domestic national identity programme. Financial terms of the private transaction were not discl...

Dutch chemicals distributor IMCD has taken over Indian company Aroma Chemical Agencies, according to the company’s press release and a Dutch newspaper report, for up to Rs 120 crores. Jerome Merchant + Partners advised Aroma Chemical Agencies (India) Pvt Ltd led by a team partner Vishnu Jerome and a...

Euromoney PLC acquired Deal LLC from its parent, the Street LLC, according to the London Stock Exchange announcement . Jerome Merchant + Partners advised Euromoney PLC on Indian law issues, led by a team of partner Vishnu Jerome and associate Ravishankar M . Clifford Chance advised Euromoney on US, ...

“Amazon Pay has acquired personal assistant platform Tapzo, its first such deal in India, in a bid to build on and widen the scope of its payment offering. The part-stock and part-cash deal is valued at $40-45 million and will see Tapzo’s investors exit with a cash payout, according to two people aw...

“The country’s leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid,” reported Business Standard about the insol...

General Electric Company sold the small industrial motors business of its Power Conversion division to China’s largest electric motors maker, Wolong Electric Group Co, according to reports . Jerome Merchant + Partners advised General Electric Company on Indian law issues, led by partner Vishnu Jerom...

“In what would seem to be Mastercard’s plan B in the recent tug of war with Visa over the acquisition of Earthport, the company announced that it will acquire Transfast, a New York based mature fintech that specializes in cross border remittances. The article is posted on Zachs and does not disclose...

“Quess Corp is acquiring majority stake in Chennai-headquartered business solutions provider and listed enterprise Allsec Technologies in a transaction worth around Rs 270 crore. The deal, undertaken through Quess’ subsidiary Conneqt Business Solutions, will see Conneqt purchasing 35.35% holding fro...

“British engine maker Rolls-Royce announced today it has agreed to sell its troubled commercial marine business to Norwegian industrial group Kongsberg for 500 million pounds. The deal, worth $661 million or 566 million euros, is part of a massive overhaul led by chief executive Warren East, Rolls-R...

“China’s largest online travel agency now owns nearly half of India’s largest travel e-portal, MakeMyTrip, after a share-swap deal with South African internet giant Naspers Ltd,” reported Mint . Trilegal advised Naspers led by partner Yogesh Singh . National competition practice head and partner Nis...

“Texmaco Rail and Engineering Ltd on Friday said its board has approved the acquisition of a steel casting foundry of manufacturing company Simplex Castings Ltd,” reported VCCircle about the slump sale. KT Advisors advised Texmaco Rail & Engineering Limited led by a team of managing partner Kal...