“Procter & Gamble has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets,” reported CNBC. The transaction involved the acquisition of Merck Limited, a listed Indian company, through Procter & Gamble Overseas India B.V, including 3,300 Merck employees. A mandatory tender offer to minority shareholders will be made for the Indian entity.

“Greenko Group has agreed to buy Orange Renewable from Singapore’s AT Capital Group at an enterprise value of $1 billion, Greenko Group founder Mahesh Kolli said,” reported Mint in June.

“Hindusthan National Glass & Industries Ltd on Wednesday said it has entered into a share purchase agreement for divesting its entire 11.23% holding in HNG Float Glass Limited, which was a joint venture company between Hindusthan National Glass and Turkey-based float glass manufacturer Trakya C...

“Stockholm-based Truecaller, owned by True Software Scandinavia AB, on Wednesday acquired Mumbai-based mobile payments start-up Chillr (Backwater Technologies Pvt Ltd) for an undisclosed amount,” according to Mint . Cyril Amarchand Mangaldas advised Truecaller (True Software Scandinavia AB) led by a...

“Private sector lender IndusInd Bank Ltd on Tuesday said that it has signed a share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority shareholders to acquire 100% of IL&FS Securities Services Limited, (ISSL), a subsidiary of IL&F...

“Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of the Adani Group, announced that it has executed a Share Purchase Agreement between Larsen and Toubro Ltd, Marine Infrastructure Developer Pvt. Ltd (MIDPL), L&T Shipbuilding Ltd and Adani Kattupalli Port Pvt. Ltd to acquire 97 per cent shares of MIDPL. MIDPL is the developer and operator of Kattupalli Port,” according to Steelguru.

“Manappuram Finance Ltd, Kerala-based gold finance non-banking financial company (NBFC), has acquired an 85% stake in Indian School Finance Co. (ISFC) from existing impact investors Gray Matters Capital and Caspian, the companies said in a statement,” according to Mint . Cyril Amarchand Mangaldas ad...

“The National Company Law Tribunal (NCLT) has approved the bid of AION Capital-JSW Steel to acquire Monnet Ispat & Energy Ltd, providing major relief to the consortium” in the insolvency reported Mint . Cyril Amarchand Mangaldas advised Committee of Creditors (CoC) of Monnet Ispat & Energy...

Adani Logistics Limited proposed a joint venture with NYK Auto Logistics (India) Private Limited (NALI), a subsidiary of Nippon Yusen Kabushiki Kaisha, Japan, through a newly incorporated joint venture company (JVC) that will, amongst other things, undertake business of providing the logistics servi...

“Private equity firm True North (formerly known as India Value Fund Advisors) has inked a deal to buy Glenmark Pharmaceuticals Ltd’s orthopaedic and pain management business in India and Nepal, valuing the business at Rs 635 crore ($90 million), the drugmaker said. Glenmark did not disclose if it wo...

Roquette Asia Pacific Pte. Ltd acquired the entire equity stake (100%) of Sayaji Sethness Limited from Sethness Products Company and its nominees, according to a BSE filing . Veritas Legal advised Clients Roquette Asia Pacific Pte. Ltd led by a team of partner Abhijit Joshi , partner Tushar Raut , s...

“The Indian unit of Finnish packaging company Huhtamaki will acquire Ajanta Packaging (India) for Rs 100.3 crore ($15.5 million) in an all-cash deal,” according to VCCircle . Veritas Legal advised Huhtamaki PPL Limited led by a team of partner Tushar Raut , senior associate Somrita Chatterji , and a...

Recipharm acquired the remaining 26% stake of NLL from its existing shareholders in 2 stages. The first stage for a cash consideration, has been completed on 2 January 2018. The second stage for the acquisition of the balance of the share capital of NLL is proposed to be completed during the first h...

“An entity owned by one of the promoters of Barbeque Nation is in advanced talks to acquire Bengaluru-born Italian casual dining restaurant and wine bar Toscano in a rare M&A deal on the gastronomy street, people directly aware of the matter said. Samar Retail, part of Sara Futura Group, contro...

HashInclude Computech Private Limited sold its business division (where it conducted the business of IT/ ITES), as a going concern on a slump sale and debt-free / cash free basis to ConnectWise Inc for $3m, according to Cyril Amarchand Mangaldas. Cyril Amarchand Mangaldas advised ConnectWise Inc led...

“Pune-based Force Motors today said it has agreed to acquire Pithampur-based manufacturing plant of German commercial vehicle maker MAN Trucks for an undisclosed amount. In a regulatory filing, Force said its board has accepted a proposal from MAN Trucks India to sell and transfer certain assets inc...

“Access Healthcare, a revenue cycle management company has acquired Noida-based Pacific BPO in a deal valued around $17 million in a combination of upfront payment and long-term earnouts,” reported the ET . Cyril Amarchand Mangaldas advised Access Healthcare Services Private Limited led by partner A...

“Strides Shasun Limited has decided to sell its full-owned subsidiary Strides Chemicals Private Limited (formerly known as Perrigo API India Private Limited) to Solara Active Pharma Sciences,” for Rs 131 crore reported The Hindu and others. Cyril Amarchand Mangaldas advised Solara Active Pharma Scie...

The Life Insurance Corporation of India (LIC) proposed acquiring a 51% stake to take control of IDBI Bank, according to reports . Cyril Amarchand Mangaldas advised IDBI Bank Limited led by a team of partners Amey Pathak and Ravi Kumar . Update 9 January 2019 : Shardul Amarchand Mangaldas advised Lif...

State Bank of India (SBI) and its wholly owned subsidiary, SBI Payment Services Private Limited (SBIPSPL), proposed a 74:26 joint venture with Hitachi Payment Services Private Limited (HPSPL), an indirect wholly owned subsidiary of Hitachi Limited, Japan, according to reports.