“In its first asset sale since going bust last year, Infrastructure Leasing and Financial Services Ltd (IL&FS) on Monday said it has agreed to sell its 874 megawatts (MW) operational wind energy portfolio to state-run gas utility GAIL (India) Ltd for ₹4,800 crore. The sale will close in three w...

Shareholders of UAE-company Sun Packaging Systems (FZC) have sold a majority stake to Thai Plastic and Packaging Public Company Limited, giving the company a toehold in the UAE, according to a Thai news report . PDS Legal advised Sun Packaging Systems (FZC) and its shareholders led by a team of part...

Cooper-Standard France SAS divested Cooper Standard’s anti-vibration systems (AVS) business to ContiTech USA Inc (a division of Continental AG), which involved the transfer of Cooper-Standard France SAS’ equity interest in a joint venture company in India, according to the company’s press release . ...

US private equity major Blackstone has proposed acquiring a majority stake in Indian packaging company Essel Propack Ltd (EPL) for an amount up-to ?3,211 crore (approximately $462 million), according to Bloomberg . Trilegal advised Blackstone led by a team of partners Nishant Parikh and Anirudh Agar...

Karl Mayer, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named Karl Mayer Textile Machinery India Private Limited, will be majority owned and controlled by Karl M...

The Oman India Joint Investment Fund has proposed acquiring shares of PnB Metlife India Insurance Company Limited (“PNB Metlife”) from The J&K Bank Limited. Oman India Joint Investment Fund is a private equity firm being a joint venture of Oman’s State General Reserve Fund and State Bank of Ind...

Prestige Estates Projects Limited, a company listed on the Bombay Stock Exchange, acquired Babji Realtors Private Limited, by its wholly owned subsidiary, Prestige Retail Ventures Limited (“PRVL”). Babji Realtors is in the business of real estate development and owns the ‘Forum Sujana Mall’ in Hyder...

Sale by Zomato Media Private Limited of its UAE business through its branch office situated in Dubai to Talabat Middle East Services Company LLC, a wholly owned subsidiary of Delivery Hero SE, as reported by ET and others. Samvad Partners advised Zomato Media Private Limited led by a team of partner...

Baring Private Equity Asia has acquired for $700m (around Rs 4800 crores), IT and ITES provider NIIT Technologies from NIIT Limited and its founders, at Rs 1394 per share, followed by a mandatory open offer for 26 per cent shares of NIIT Technologies, according to reports . J Sagar Associates (JSA) ...

“Sprng buys Shapoorji Pallonji’s solar assets: Actis’ renewable energy arm buys 194MW of solar assets for $200 million. With this deal, the total operating and under construction capacity of Sprng will increase to 1.65GW,” reported Mint . Khaitan & Co advised Shapoorji Pallonji Infrastructure C...

“EverSource, NIIF buy stake in Ayana Renewable for $330 million: All three partners will invest $330 million cumulatively, according to a company statement,” reported The Economic Times . The plan is to build a large scale renewable energy platform by focusing on developing utility-scale renewable e...

“Welspun Corp to sell assets worth Rs 940 crore: The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. The business transfer agreement (BTA) was executed between the two parties on March 31,” reported Mint . Khaitan & Co advised Wels...

“The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund,” reported The Economic Times about NIIF’s first investment from NIIF’s strategic fund. Desai & Diwanji advised IDFC led by a team of partner Natasha Treasury...

“Reliance to acquire 87% stake in chatbot maker Haptik: Reliance Industries Ltd (RIL) has agreed to acquire an 87% stake in artificial intelligence-based conversational platform Haptik,” reported VCCircle . Jio acquired the entire business undertaking of Haptik for a total consideration of Rs 700 cr...

“Samara buys majority in skin-care brand Nature’s Essence: Established in 1998, NEPL is among the leaders in the skin-whitening market, competing with companies such as Dabur, VLCC and Patanjali,” reported The Economic Times , about the deal by way of subscription and transfer of equity shares of NE...

Auto components maker Minda Industries is merging with Harita Seating Systems in a share swap deal. “The Uno Minda group flagship would also get 51% stake in Harita Fehrer, HSSL’s JV with Fehrer Automotive GmbH, which is a major player in the automotive seating business in Europe,” reported the Time...

tags: DMD Advocates, Suresh Surana & Associates, Moss & Barnett, Guantao & Chow, Khaitan & Co, Reinhart Boerner Van Deuren, Eversheds Sutherland, MOLITOR Avocats à la Cour SARL US magazine printer Quad/Graphics bought Minneapolis ad agency Periscope and its subsidiaries in Hong K...

“Medlife International Private Limited has acquired ‘Medlabz’, a Mumbai-based digital healthcare platform and ‘diagnostics at home’ service provider. By way of this acquisition, Medlife seeks to foray deeper into the diagnostics segment and thereunder, strengthen its business of wholesale and retail...

“Clanwilliam makes 18th acquisition as it snaps up Dictate IT: Group recently agreed a €300m debt placement with Alcentra for further expansion,” reported Irish Times . The deal involved acquisition of 100% of Dictate IT Limited (UK entity) together with a 100% acquisition of Bangalore-based Indian ...

US movie studio and media conglomerate Twenty-First Century Fox was swallowed up by the The Walt Disney Company for $71bn, raising some serious global competition concerns. In India, the deal included media players Hotstar, Tata Sky and Star India, according to Digit , and would have therefore also ...