“Canadian pension fund, Caisse de dépôt et placement du Québec has agreed to acquire a 40% stake in power producer CLP India Pvt. Ltd for Rs 2,640 crore ($365m) in cash”, reported VC Circle . Post the acquisition by CDPQ from the subsidiary CLP GPEC (Mauritius) Holdings, CLP will retain 60% stake in...

US-headquartered legal process outsourcing (LPO) provider UnitedLex, which has significant operations in India and must have recruited at least hundreds of graduates from Indian law schools since its founding in 2006, has been sold in entirety to CVC Capital Partners, reported VCCircle . The deal am...

Pune-based facility management business CLR Facility Services has bought a majority stake in Mumbai-based Hindustan Facilities, reported VC Circle . CLR is backed by the domestic investment firm, IndiaNivesh Fund. Clove Legal acted as the legal advisors to Hindustan Facilities and was led by partner...

Tata Steel has signed a definitive agreement to buy the steel business of specialty steel and wire rope maker Usha Martin, which could be valued at Rs 4,600 crore, reported moneycontrol . Tata Steel had reportedly beaten rival bidders Vedanta, JSW Steel and Kalyani Steels to the steel assets of the ...

HT Media has invested Rs 10 crore to buy 10 per cent of equity in Editorji Technologies, a company promoted by Vikramaditya Chandra that owns and operates a platform for creation and distribution of personalised video, news and related content through electronic means, as reported by Television Post...

Hyderabad-based building materials company HIL Ltd has bought Parador Holdings of Germany, which is worth Rs 687 crore, from existing shareholders NORD Holding, Deutsche Mittelstandsholding, Lubert Winnecken and Hendrik Voß for 72.3m Euros. Khaitan & Co acted for HIL , with a team led by partne...

Engineering services firm, L&T Technology Services has entered into a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services for Rs 93 crores (around $12.9m) in an all cash deal, reported The Economic Times and MoneyControl . The transaction is expected to...

“Engineering company Greaves Cotton Ltd said on Wednesday it has signed definitive agreements to acquire a majority stake in electric two-wheeler maker Ampere Vehicles Pvt. Ltd. Mumbai-headquartered Greaves Cotton will initially acquire 67% of Coimbatore-based Ampere for Rs 77 crore. It may buy another 13% for Rs 75.5 crore after three years, it said in a stock-exchange filing.” reported VCCircle.

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

Varde Partners and Aditya Birla Capital have announced a 50:50 joint venture to invest in distressed assets in India, reported Mint and others, initially investing Rs 100 crore of capital in the company. Trilegal acted for Varde Partners , led by partner Yogesh Singh , counsel Ankush Goyal , senior ...

HDFC has bought a 25% stake in student housing venture Good Host Spaces from Manipal Integrated Services, for Rs 69.5 crore, reported Deal Street and others. Shardul Amarchand Mangaldas acted for Goldman Sachs and Good Host Spaces , according to its press release, advising on shareholders agreement,...

“Glenmark Pharmaceuticals said it has entered into a collaboration with private equity firm True North for its orthopaedic and pain management business for India and Nepal market. Under this collaboration, Glenmark’s orthopaedic and pain management business, valued at Rs 635 crore, will be transferr...

“Private equity firm KKR and Co. on Sunday said that it will acquire a 60% stake in environmental solution provider Ramky Enviro Engineers Ltd (REEL) for $530 million. This is the largest buyout by a private equity firm in India’s environmental services sector,” reported Mint . A Cyril Amarchand Man...

Entertainment and cinema giant PVR has bought a 71.7% stake for Rs 633 crores in South India’s largest cinema exhibitor SPI Cinemas, making PVR the world’s seventh largest cinema exhibitor, according to Mint . Cyril Amarchand Mangaldas (CAM) acted as legal counsel to SPI Cinemas and its promoters Ki...

“Hindustan Unilever Ltd (HUL) on Monday said it has agreed to buy ‘Adityaa Milk’ ice cream brand from Karnataka-based Vijaykant Dairy and Food Products Ltd for an undisclosed amount aiming a larger slice of the fragmented ice cream market in India. HUL, which already sells ice creams under the Kwality Wall’s, Magnum and Cornetto brands, has signed an agreement with Vijaykant Dairy to buy ice cream and frozen dessert business of the company along with its front-end distribution across Karnataka, Maharashtra, Goa and Kerala where the company has presence,” reported Mint.

“Tata Power, India’s largest integrated power company, today announced that its board has approved the sale of its defence business to Tata Advance Systems Ltd, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs2,230 crore,” Mint reported in March.

In one of the largest in-bound investments in eastern India this year, Austrian film-based flexible packaging manufacturer, Constantia Flexibles have completed the acquisition of a majority shareholding in Kolkata-based Creative Polypack for an undisclosed sum, making it India’s third largest flexible packaging company also gaining a stronger footprint in the HPC market, reported The Hindu.

Germany-based machine joining components manufacturer NORMA Group SE have acquired 100% stake in Indian water management firm Kimplas Piping Systems for an undisclosed amount, as reported by VC Circle and The Hindu Business Line. The deal was closed on July 5, 2018 reported Business Insider.

Bangalore-based Silicon and Beyond, leading provider of high-speed SerDes technology used in data intensive applications such as machine learning, cloud computing, and networking, has been acquired by US-headquarterd Synopsys for an undisclosed amount, as per the press release by Synopsys.

“UPL Corporation Ltd, a wholly owned subsidiary of agrochemical solutions provider UPL Ltd, has signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc, a global provider of innovative crop protection solutions, and its subsidiaries for approximat...