Leading investment and financial services firm, Jupiter Capital has recently completed the acquisition of up to 33 lakh shares amounting to nearly 66% of BSE-listed non-banking financial company TRC Financial Services, by way of an open offer to the shareholders and contractual arrangements for an aggregate transaction value of Rs 5.92 crores (around $924,000). The offer price of the fully paid shares of TRC Financial Services was quoted at Rs 18 per share.

Bengaluru-based leading healthcare services firm and an affiliate of the NMC Group, BR Life has completed a significant stake acquisition of 96% in Odisha’s first super speciality healthcare centre, Kalinga Hospital for an estimated Rs 200 crores (around $31.2m) in two tranches, as reported by The P...

Global mobile gaming company Nazara Technologies has acquired a majority stake of 55% for an undisclosed amount in leading Indian esports venture Nodwin Gaming through a mix of a cash and stock deal, as reported by Mint and VC Circle . Post acquisition, Nodwin will continue to operate as an independ...

NYSE listed Fortune 500 company, Arrow Electronics has successfully completed the acquisition of Ahmedabad and California-based product engineering and software R&D services company eInfochips, through its Indian subsidiary for an estimated consideration of Rs 1900 crores (around $300m), as rep...

Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.

Mumbai-based software products company, S-Cube Futuretech has been acquired by US-based infrastructure engineering solutions provider Bentley Systems for an undisclosed sum, as reported by VC Circle and The Economic Times . Earlier in 2015, S-Cube had raised $1m from IDFC-Parampara Early Stage Oppor...

Kolkata-based lubricants company Asianol Lubricants recently announced that it has exited from its joint-venture with US-based Quaker Chemical Corporation by selling the remaining 45% stake in its Indian joint venture, Quaker Chemical India (QCIL), as per a report by Reuters . Khaitan & Co acte...

The wealth management unit of India’s Edelweiss Group have announced the acquisition of Religare Enterprises’s retail broking business for Rs 250 crores (approximately $39m) by way of slump sale, as reported by The Economic Times and Mint . The acquisition by Edelweiss Wealth Management will include...

Shardul Amarchand Mangaldas acted for Capital First , led by Mumbai area managing partner Akshay Chudasama , and the M&A team led by partner Ashni Roy , and associates Akansha Singh and Neha Shaw . The firm’s banking and finance team was led by partner Veena Sivaramakrishnan , consultant Gopalk...

“SATS, in a joint bid with Cargo Service Center India (CSC), has won a cargo handling concession contract in Chhatrapati Shivaji International Airport in Mumbai, India.”, reported The Business Times . The joint venture constituted between CSC and SATS Investment, a subsidiary of SATS wherein SATS In...

Itochu Petroleum Co, the Singapore-based subsidiary of Japanese trading company Itochu Corporation has announced the acquisition of 19.7% stake in Aegis Logistics’ wholly-owned subsidiary, Hindustan Aegis LPG (HALPG), for INR 239 crores (apporximately $37.8m), as reported by Business Standard and VC Circle in May of last year. In addition to India, Itochu Corporation, the Japanese multinational trading group specialising in oil & gas, metals and other commodities, operates LPG import hubs in Japan and the Philippines.

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.

“Ola, operated by ANI Technologies Pvt. Ltd, has acquired online food delivery start-up Foodpanda India from its German parent Delivery Hero AG in an all-stock deal that will see the ride-hailing firm infuse $200m in Foodpanda India’s operations,” reported Mint.

Acadgild, the Bengaluru-based online education startup operated by Edvista Education Services has recently been acquired by Aeon Learning in an all-stock deal amounting to Rs 64 crores ($10m) as reported by VC Circle and Mint. Acadgild focuses on online degrees and skill development programmes in big data, deep learning and UI/UX design web development, among others and had raised initial investment from venture capital firm Jupiter Capital and K. Ganesh of GrowthStory.

Mukesh Ambani-promoted 4G telecoms network Reliance Jio has agreed to buy the mobile business assets (including the spectrum, mobile towers and optical fibre network) of his younger brother Anil Ambani-promoted Reliance Communications, reported the PTI in The Hindu Business Line and others. Cyril Am...

“Indo-UK Institute of Health (IUIH), a healthcare provider, said that work on the second of its 11 Medicity facilities in Amaravati is slated to begin in the coming days as IUIH is scheduled to get possession of allotted land from the Andhra Pradesh government very soon. The hospital is being built in association with King’s College Hospital, London, at an investment outlay of Rs 1,600 crore,” reported the Times of India.

Update 30 August 2018: The deal has closed for a total consideration of $2.65bn, as well as $1.95bn has been used to reduce RInfra’s debt. Gautam Adani-promoted infrastructure company Adani Transmission has agreed to buy Anil Ambani-promoted Reliance Infrastructure’s power generation and distributio...

Kolkata-based FMCG major Emami has announced the acquisition of a 30% stake in Helios Lifestyle, owners of the premium male grooming brand The Man Company, for an undisclosed amount, as reported by The Economic Times and MoneyControl . The acquisition of the stake is said to be completed by 31 Decem...

Listed company and product engineering solutions provider, AXISCADES Engineering Technologies has recently closed the initial phase of its acquisition of Bengaluru-based defence electronics firm Mistral Solutions for an aggregate transaction value of Rs 175 crore (approximately $27.24 million) as re...

“Bharti Airtel Ltd, India’s largest telecom service provider, on Monday said that it has acquired a strategic stake in digital publishing platform Juggernaut Books,” reported Mint.