Swiss-based leading energy storage solution company, Leclanche have entered into a joint-venture agreement with India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, Exide Industries to make lithium-ion batteries and provide energy storage systems for Indi...

US-based PE firm TA Associates, has announced that it has acquired a minority stake of 40% in Ahmedabad-based distributor of mutual funds and other wealth products, Prudent Corporate Advisory Services for an undisclosed sum, as reported by VC Circle and The Economic Times . DSK Legal advised and ass...

“Pipe and adhesive maker Astral Poly Technik Ltd has agreed to acquire Rex Polyextrusion Pvt. Ltd for Rs 147.50 crore ($21.4 million) in a cash-and-stock deal to expand its product offerings,” reported VCCircle . Astral said in a stock exchange disclosure it will pick up a 51% stake in Rex Polyextru...

Fortis Healthcare Limited was aquired by Malaysian-Singaporean healthcare group IHH Healthcare Berhad (through its wholly owned subsidiary, Northern TK Venture Pte Ltd), through a preferential issue of equity shares of Fortis for a consideration of Rs 4,000 crores at a price of Rs 170 per Equity Share amounting to 31.1% of Fortis’ share capital, as reported by Mint and others.

The Indian subsidiary of Penguin Random House is said to have acquired prominent Hindi language publishers, Hind Pocket Books, for an undisclosed sum, as reported by VC Circle . As per the press release by PRH India , Vaishali Mathur, who was earlier handling the Indian language publishing and right...

“Belgium-based Aliaxis SA has agreed to acquire the 40% stake it doesn’t already own in joint venture Ashirvad Pipes Pvt. Ltd from the partner Poddar family,” reported VCCircle . Debevoise & Plimpton partners Geoffrey P Burgess , Lord Goldsmith QC and Samantha J Rowe with associates Shashwat Pa...

“Indiabulls Real Estate (IBREL) on Friday announced sale of its office project in Chennai to global investor Blackstone for Rs 850 crore as part of its strategy to monetise commercial asset,” reported Mint . Shardul Amarchand Mangaldas partner Mithun V Thanks , principal associate Anjali Menon , sen...

“Online travel agency Cleartrip has acquired Saudi Arabian travel start-up Flyin with the deal size pegged at $60-70m by sources close to the development,” reported Mint.

Chicago-based private equity firm Madison Deaborn Partners have entered into an agreement to acquire global relocation and moving services provider SIRVA for an estimated value of over $10m, as reported by PR Newswire . AZB & Partners acted as the Indian legal counsel to Madison Dearborn Partne...

Consumer durables major, Whirlpool India has announced the acquisition of 49% stake in Elica PB India, subsidiary of Elica SpA Italy for an estimated Rs 162 crores ($23.6m) in an all cash deal, as reported by The Economic Times and Mint . The deal is expected to close in the second half of 2018 and ...

“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.

Japan’s Mitsubishi Chemical Corporation will buy the PVC compound business of Mumbai’s Welset Plast Extrusions, which is engaged in master batch (including PVC master batch) and PVC compound businesses. The transaction will complete in autumn of this year, according to Mitsubishi’s press release.

“Daiko Advertising Inc, a full-service advertising company headquartered in Japan’s Osaka, has acquired a majority stake in New Delhi-based creative advertising agency From Here On Communications Pvt. Ltd (FHO) for an undisclosed amount,” reported VCCircle. clientDaiko was advised by Acuity Law led ...

Germany-based chemical distributor, Brenntag AG has acquired a majority stake of 65% stake in Raj Petro Specialities, retailers of own-blended petroleum related products, as a move to expand its footprint in the Indian chemical distribution market, reported Business Standard and Times of India . The...

UltraTech Cement, an Aditya Birla Group company and subsidiary of Grasim Industries, has announced the acquisition of the cement business unit of BK Birla-owned Century Textiles and Industries consisting of three integrated cement plants in Madhya Pradesh, Chhattisgarh and Maharashtra and one grindi...

Global leader in mobility safety, US-based Key Safety Systems has completed the global acquisition of the bankrupt Japanese car safety systems maker Takata Corp. for $1.58 billion through a combination of equity and debt, to merge and form a combined entity re-branded as Joyson Safety Systems and is headquartered in Michigan, US, reported Economic Times. The deal earlier announced on June 25, 2017, was funded by a consortium led by Joyson Electronics and Asia-based PE firm PAG Asia capital and did not involve liabilities related to the recall of Takata’s ammonium nitrate airbag inflators.

Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.

“Larsen & Toubro, India’s largest engineering and construction company, will sell its electrical and automation business to European multinational Schneider Electric for Rs14,000 crore. This is part of L&T’s stated move to prune non-core businesses. The deal is subject to receiving regulat...

Noida-based listed publishing technology and services company, MPS has entered into a definitive agreement to acquire the e-learning business of Tata Industries, Tata Interactive Systems India along with its wholly-owned Swiss and German subsidiaries, Tata Interactive Systems AG and Tata Interactive...

Sunil Mittal-led mobile infrastructure major Bharti Infratel has announced the merger with Indus Towers to create a combined entity with an equity value of Rs 96,500 crores ($14.6bn), making it the world’s second largest telecom tower company after Beijing-owned China Tower, with more than 163,000 towers and having presence in all the 22 circles in India, reported Business Standard and Mint.