Mumbai-based EPC solutions provider Sterling and Wilson has entered into a 50:50 Joint Venture with Enel X, a subsidiary of the Italian based energy giant Enel Group, to enter into the electric mobility ecosystem in India by offering high tech platforms to support the electric vehicle charging infra...

Hongkong based leading Asia- Pacific alternative asset manager has successfully completed its acquisition of debt ridden realty financier Altico Capital for for INR 2800 crores ($380M approx), as per reports by Mint . The deal also marks as the first out-of-court insolvency resolution by a defaultin...

Japanese trading house, Sojitz Corporation has invested in Malaysia based Qualitas Medical, a leading primary healthcare and wellness services provider in Asia Pacific region by acquiring equity interest, as per the press release by Sojitz . The capital injected will be used by Qualitas for funding ...

E-commerce player Flipkart […] said it will acquire Cleartrip, a leading online travel and technology company. — Business Standard IndusLaw advised Cleartrip Private Limited led by a team of senior partner Srinivas Katta , partner Rashi Saraf , senior associate Stuti Agarwal , and associate Shreyas ...

Algonomy Software has acquired 100% stake in Rich Relevance, Inc. and pursuant to this acquisition the shareholders of Rich Relevance, Inc. has acquired an equity stake in Algonomy Software, according to reports . Samvad Partners advised Algonomy Software Private Limited (formerly known as Manthan S...

New Delhi: ([Sterlite Technologies Limited) … said it will acquire Optotec, an optical interconnect products company based in Italy. The deal involves acquisition of 100 per cent of Optotec’s shareholding at an enterprise value of EUR 29 million, a statement by STL said. — The Economic Times AZB &#x...

Acquisition by Total SA of 50% equity stake in a joint venture into Adani Green Energy Twenty Three Ltd, which will own the targets, according to reports . AZB & Partners advised the targets, including 11 subsidiaries of Adani Green Energy Ltd (namely 1. Adani Green Energy (UP) Limited (AGEUPL)...

appScatter Group (LON:APPS) has announced the conditional acquisition of Airpush, subject to certain conditions, including the approval of the Acquisition by shareholders at a General Meeting. — Directorstalkinterviews Universal Legal advised Appscatter Group PLC led by a team of partner Rashi Kapoo...

Debt-heavy cosmetics business Coty has picked up a $750m investment from private equity major KKR as it looks to shore up its balance sheet amid losing customers to rival brands. KKR has also signed a memorandum of understanding with Coty that it will buy a stake in the company’s professional beauty...

Air Water Inc acquired the business undertaking engaged in manufacturing, selling and distributing specialty industrial gases, from Praxair India Private Limited. German industrial gases maker Linde AG has agreed to sell its South India business to Japan’s Air Water Inc. (AWI) as part of a deal to c...

L&L Partners (formerly Luthra & Luthra Law Offices) advised TR Capital, in connection with purchase of minority stake in Supermarket Grocery Supplies Private Limited, one of the largest online grocers in India operating under the brand ‘Big Basket’, according to reports . L&L Partners...

GMR Infrastructure Ltd … announced signing of agreement with Ltd for sale of entire stake of 47.62% in GMR Chhattisgarh Energy Ltd (GCEL) to Adani Power for an estimated value of Rs 3000 crore. — The Economic Times L&L Partners advised Axis Bank led lenders’ consortium;; with a transaction team...

Framestore, whose work won VFX Oscars for ‘Gravity’ and ‘Blade Runner 2049’, gains the former Deluxe creative services companies. In a deal that alters the global visual effects and postproduction landscape, London-headquartered Framestore — the visual effects house whose work on Gravity and Blade R...

Melbourne based real estate advertising company REA Group Ltd has entered into a binding agreement to acquire a controlling interest in Elara Technologies Pte. Ltd. owner of Housing.com, PropTiger.com and Makaan.com. — Hindu Business Line Australia-based REA Group Ltd will hike its stake to take con...

PE-backed GenWorks acquires in-vitro unit of Mumbai-based healthcare firm

— VCCircle

Samvad Partners advised Genworks Health Private Limited led by a team of partner Siddharth Seshan, senior associate Surabhi Rao, and associate Vaagisha.

2020-12-24

Deal value: Confidential

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Juniten Pte Ltd entered into a joint venture with Hyundai for manufacturing lithium-ion batteries; electric vehicles; and energy storage systems. The deal involved setting up and capitalisation of the joint venture entities in India, Republic of Korea, and Oman. INDUSLAW advised Juniten Pte Ltd led ...

Acquisition of 100% shareholding by Chaitanya India Fin Credit Private Limited (and its nominees) of Essel MF Trustee Limited. The Competition Commission of India (CCI) has given its approval under the ‘green channel’ route to acquisition of Essel Mutual Fund by a Sachin Bansal-owned entity. — Busin...

Acquisition by Reliance Industries Limited of the entire shareholding held by IMG Singapore Pte Ltd in IMG Reliance Limited, a joint venture between Reliance Group and IMG Group that is engaged in the sports and management business for a cash consideration of INR 52.08 crore (USD 7.17 million), acco...

Acquisition of 100% of mScripts LLC in an all-cash deal, including its India business and subsidiary. We just acquired mscripts®, a mobile app that is used to push out information for different needs and has a way to connect to the patient level. Pharmacies use it to let patients know that their pre...

Global cloud insurance software solutions provider Majesco has signed an amended agreement to be acquired by Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, per a press release. — Businessinsider Khaitan & Co advised Majesco Limited led by a t...