Bluecraft Agro Private Limited bought of the manufacturing and selling of starch and derivatives’ business of EICL Limited along with (a) one of the units of EICL (Unit 1), on a slump-sale basis; and (b) certain identified assets of the other unit of EICL by way of an asset transfer arrangement in F...

Insight Communications & Print Solutions Private Limited sold 75% of its shares held by Ajay Aggarwal, Sangam Khanna, Angelo Lima Fernandes and Nehchalraj Singh to Japanese printing company Komori Corporation Limited, according to the company’s press release and reports . DSK Legal advised Insi...

“Blackstone sells 8% stake in Mphasis for Rs 1,484 crore: US private equity major Blackstone has offloaded an 8% stake in Indian IT firm Mphasis at Rs 960 apiece to a clutch of investors, including new foreign funds T Rowe Price, Nomura and Oppenheimer. ” reported The Times of India . The stake sale...

“Essel Group to acquire majority stake in LKP Finance: Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd,” reported VCCircle . Essel bought 62% in LKP. Shardul Amarchand Mangaldas & Co advised the promoter group of ...

“Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel: Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 1 year as per their admitted claims and terms of resolution plan,” reported The Economic Times about the $7.3bn insolvency deal from ...

“Centrum acquires L&T Finance’s supply chain business: Centrum expects to have a loan book of Rs 900 crore in the supply chain business by the end of the current financial year,” reported Mint . Jerome Merchant and Partners advised Centrum Financial Services Ltd led by a team of partners Sameer...

“Medlife acquires healthcare start-up EClinic, plans $100 million expansion: Bengaluru-based online pharmacy company Medlife International has acquired another startup, EClinic24/7, in the same segment for an undisclosed amount.With the acquisition, Medlife, which so far provi,” reported Hindu Busin...

“HDFC entered into an agreement for acquiring 30.5 lakh shares, representing 25.01 percent share capital of Good Host Spaces Private Limited from Manipal Integrated Services Private Ltd. The cost of acquisition for this transaction is Rs 69.5 crore. Good Host Spaces is engaged in the business of man...

“ChrysCapital buys healthcare solutions company for Rs 1000 crore: Largest Indian private equity investor ChrysCapital has acquired 80% ownership in GeBBS Healthcare Solutions, a provider of Revenue Cycle Management,” reported The Times of India . Shardul Amarchand Mangaldas & Co advised ChrysC...

“Liberty House gets NCLT nod for bid to acquire Amtek Auto: Amtek owes over ₹12,300 crore to its lenders, who had initiated insolvency proceedings last July. The Chandigarh bench of the National Company Law Tribunal (NCLT) approved the resolution plan by single bidder Liberty House to acquire the as...

“DHFL to exit mutual fund business DHFL Pramerica: Housing finance firm Dewan Housing Finance Corp. Ltd (DHFL) on Tuesday said that it will sell its entire stake in mutual fund business DHFL Pramerica Asset Managers Pvt. Ltd to its [ JV ] partner US-based Prudential Financial Inc., [according to an ...

“Thermax to acquire 100% stake in Babcock & Wilcox JV: The JV - Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES) established in 2010 has not succeeded,” reported Eqmagpro . Babcock & Wilcox India Holdings Inc exited from its joint venture arrangement in Thermax Babcoc...

“Japan’s NTT Data buys 55% stake in Atom Tech for $9 million: Atom Technologies is a payments services firm owned by 63 Moons Technologies, formerly known as FTIL that was founded by Jignesh Shah,” reported Mint.

Acquisition of majority Partnership Interest in R-Cube Energy Storage Systems LLP. “Windsor Machines has entered into an ‘Investment Agreement’ on February 2, 2018 with R Cube Energy Storage Systems LLP (R Cube Energy) for making strategic investment,” according to Moneycontrol . Solomon & Co A...

“Ashiana Housing Ltd enters into management agreement for managing Utsav Care Homes - Bhiwadi: Ashiana Housing Ltd has entered into a Management Agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate, the ‘Utsav Care Homes’ - Bhiwadi (Rajasthan),” reported Equitybulls ....

“Escorts, Kubota join hands to manufacture high-end technology tractors: The JV will leverage Kubota’s technology and engineering prowess of Escorts to cater to an expanding market for higher efficiency, value-oriented utility tractors for a global leadership position,” reported Moneycontrol . Kubot...

“Denmark-based audio and communications major Jabra has firmed up plans to strengthen its presence in both the enterprise and consumer segment in India. As a first step, it has entered into a strategic joint venture [ JV ] with Innova Telecom, by acquiring an additional 46% of Innova bringing its sh...

“DMG MORI announced that it has acquired a 30% stake in INTECH, a developer of software for additive manufacturing, machine learning and artificial intelligence. INTECH is among the pioneers in metal 3D printing in India and already supplies software solutions for DMG’s selective laser melting machi...

“Oncology chain HealthCare Global Enterprises Ltd (HCG) said it will merge its clinical lab services unit, Triesta Sciences, with Strand Life Sciences Pvt Ltd in an all-stock deal,” reported VCCircle.

“Zee Learn Limited announced [in February] that it has signed definitive agreements to Invest Rs 200 crores in MT Educare Limited through a preferential allotment of equity shares (face value Rs 10 per share) for a stake of 44.53% in the expanded share capital of MT Educare Limited, the company said in a stock exchange filing,”, according to NDTV.