“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and eastern India, and can produce 300,000 pairs of footwear a day,” reported Business Standard . Khaitan &#x...

“Samara-Amazon to acquire ABRL’s More: The transaction is said to be valued at around Rs4,200 crore,” reported Mint . “Private equity firm Samara Capital along with Amazon.com Inc., the world’s largest online retailer, have agreed to buy Aditya Birla group’s food and grocery retail chain, More, for ...

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard . Khaitan ...

“TCS makes first digital acquisition with design studio W12. Tata Consultancy Services said it acquired design company W12 Studios for an undisclosed sum, the Indian technology leader’s first digital buyout that should help the country’s most valuable company get a bigger share of the global digital...

Express logistics company Spoton has been acquired by a consortium of investors led by homegrown private equity fund Samara Capital and Xponentia Fund Partners for Rs 550 crore in cash. Spoton’s acquisition is a part of Samara’s plan to create a retail ecosystem that the Mauritius-based PE firm woul...

metadesc: Brazilian natural resources player Gerdau sold its participation in Spanish company Gerdau Hungria KFT Y CIA Sociedad Regular Colectiva, which owns 98.89% of Gerdau Steel India Ltd shares, to Blue Coral Investment Holdings and Mountainpeak Investment Holdings Ltd (a special purpose vehicle...

“PE-backed dialysis chain NephroPlus acquires DaVita Care India: Dialysis chain NephroPlus Health Services Pvt. Ltd has acquired DaVita Care India Pvt. Ltd, marking another consolidation activity,” reported VCCircle . AZB & Partners advised DaVita Care Pte Ltd led by a team of partners Srinath ...

“Ageas to acquire 40% stake in Royal Sundaram for Rs 15.2 billion: Royal Sundaram is one of the top 10 players in the general insurance market with strong positions in motor and health insurance,” reported Business Standard . AZB & Partners advised Ageas Insurance International N.V. led by a te...

“Tata Power-backed firm to buy Jaypee’s Prayagraj Power from lenders: The sale of Prayagraj Power to Tata Power-backed Resurgent Power marks the first such transaction in the power generation space outside the insolvency framework,” reported Mint . “Resurgent Power acquires 75% Jaypee’s Prayagraj Po...

“Dr Reddy’s to sell Hyderabad API unit to Therapiva: Dr Reddy’s Laboratories said it has entered into a definitive agreement for the sale of its API manufacturing business unit in Jeedimetla, Hyderabad, to Therapiva,” reported Mint . AZB & Partners advised Dr. Reddy’s Laboratories Limited led b...

“Everstone-backed Crystal Crop Protection buys three brands from Syngenta: Agrochemical company Crystal Crop Protection Ltd has acquired three insecticide and fungicide brands from agrochemical and seeds. Delhi-based Crystal Crop said in a statement it has acquired Proclaim, Tilt and Blue Copper bra...

“Radiant agrees to acquire control of Max Healthcare: The entity resulting from the Radiant-Max Healthcare acquisition will be India’s third largest hospital chain by revenue,” reported Mint . It would create the fourth-largest entity in the space by capacity, with over 3,200 beds in 16 hospitals ac...

“UK firm Savills expands base in India: UK-based real estate advisor, Savills, has expanded its business into a full-service platform,” reported Hindu Business Line . The deal included the management group’s acquisition of equity in Savills India. Indian Law Partners advised Savills led by a team of...

“Gaja Capital invests $25 mn in ed-tech firm Educational Initiatives: Gaja Capital, a private equity firm specialising in investments in the lower end of the middle market, has invested $25 million (Rs 171 crore) in Ahmedabad-based ed-tech firm Educational Initiatives…,” reported VCCircle . DSK Lega...

“CPPIB, Allianz Capital Partners anchor L&T IDPL’s infrastructure investment trust: Canada Pension Plan Investment Board and Allianz Capital Partners are acting as anchor investors in the first private infrastructure investment trust in India—IndInfravit Trust,” reported Mint . Freshfields Bruc...

“Gruh Finance To Merge With Bandhan Bank: Bandhan Bank to merge with Gruh Finance in share swap deal,” reported Bloombergquint . Argus Partners advised Gruh Finance led by managing partner Krishnava Dutt , partner Adity Chaudhury , partner Arka Majumdar along with associates Ashish Patel , Kshitija ...

The India Cements Ltd acquired Springway Mining, a company involved in mining and quarrying business paving the way for its expansion. “India Cements to acquire Springway Mining for Rs 183 crore, set up MP unit: The company’s decision to acquire Springway stems from the fact that it wants to enter t...

“Thomas Cook India to acquire 24% stake in TravelJunkie Solutions: Thomas Cook India Group chairman Madhavan Menon said the partnership with Ithaka creates a new channel that reaches and serves millennials,” reported The Economic Times . PDS Legal advised TravelJunkie Solutions Private Limited led b...

Emami Cement Limited acquired the manufacturing, grinding, processing, treating and refining cement business of Eco Cements Limited, according to reports . Shardul Amarchand Mangaldas & Co advised Emami Cement Limited led by a team of partner Sakshi Mehra ; senior associate Shiladitya Banerjee ...

“Endo International plc … has reached definitive agreements to acquire … the business of its India based affiliate Wintac Limited, which operates as Somerset Therapeutics’ contract developer and manufacturer,” reported Markets.businessinsider . Shardul Amarchand Mangaldas & Co advised Endo Inte...