Adani Transmission Limited (ATL) announced… that Qatar Investment Authority (QIA) has completed acquisition of 25.10 per cent stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML on February 10, 2020. — Business Standard AZB ...

Glenmark Pharma has sold its gynaecology business to private equity firm True North backed Integrace Pharma in an attempt to cut down debt of the company. The sale of the gynac business comes two years after it sold its orthopedic business to the same company. Integrace will pay Rs 115 crore for fou...

metadesc: DSK Legal advised Eternis Fine Chemicals Limited, as well as Eternis UK Limited and the promoter / Mariwala Family and related trusts. DSK partner Aparajit Bhattacharya , acted as the lead/relationship partner on the transaction, with a transaction team led by partner Aninda Pal , and asso...

Ceridian’s (a global leader in human capital management (HCM) technology) acquisition of Ascender, a leading payroll and HR solutions provider in Asia Pacific Japan (APJ), according to a company press release . TT&A (Talwar Thakore & Associates) advised Ascender , which is backed by a priv...

Capita PLC sold the entire share capital of Capita SIMS (India) Private Limited (a member of the Capita group) to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity . This transaction forms part of the global sale of the Education Software Solutions...

New Delhi: Kalpataru Power Transmission Ltd (KPTL) on Friday said its wholly owned subsidiary in Brazil has signed a definitive agreement to acquire 51 per cent stake in Fasttel Engenharia Ltd in the South American country, for USD 8.80 million (over Rs 64 crore). — The Economic Times Bharucha &...

Acquisition of Velocity Tech-Sol India Private Limited and others by Navisite LLC, according to a press release . Navisite has acquired global cloud managed service provider Velocity Technology Solutions, Inc. Velocity is set to enhance Navisite’s service portfolio through the addition of deep enter...

New Delhi: Healthtech startup cure.fit has acquired California, US-based fitness company Onyx at an undisclosed valuation, as part of global expansion plans.The acquisition is also a step towards cure.fit improving its computer-vision technology for its at-home fitness product, according to a statem...

Trilegal advised Swedish gaming studio Stillfront led by a TMT team of partner Nikhil Narendran , senior associate Jishnu Sanyal , associate Aparajita Lath , associate Krati Hashwani , associate Cheta Sheth , with corporate team partner Clarence Anthony Sweden-based free-to-play gaming studios Still...

Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of sale of its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ₹900 crore. The deal was announced in November 2020 with th...

Scripbox, a digital personal wealth management platform, has acquired a controlling stake in Mitraz Financial, a ten-year-old SEBI-registered investment advisor providing personalised financial advisory services to high net worth individuals (HNIs) and ​ultra high net worth individuals​ (UHNIs). — H...

Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly. — Business Standard The Indian logistics player acquired a majority stake in the company. AZB & Partners ...

Softline Group, a leading global provider of IT solutions and services, acquires Kolkata based Embee Software (“Embee”), one of India’s leading digital transformation service provider and a Microsoft LSP and Cloud solution partner. — Crn PDS Legal advised Softline Group led by a team of partner Viha...

Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). — Business Standard Stratage Law Partners , which had been started in August 2020 by former Economic Laws Practice (ELP) partners, advised Bharat Insecticides Limited led by...

Daikin Airconditioning India has acquired the air handling business of Ahmedabad-based Citizen Industries, a move which will enhance its product positioning into the commercial air-conditioning market, a top company official said. The move would help Daikin to strengthen its presence in the fast-gro...

Senvion GmbH, Senvion Netherlands, SWTPL, SIPL sold their stake in SWTPL, Senvion LLP, and SIPL to Global Renewable Energy Development Holding Company Limited, owing to the bankruptcy of Senvion GmbH. This transaction involved complex structuring given that the purchaser and the sellers are non-resi...

Mastercard International Inc (Mastercard) 100% acquired of Finicity Corporation Inc and its Indian subsidiary, Finicity Technologies Private Limited. Finicity is a leading North American provider of financial data APIs, credit decisioning tools and financial wellness solutions. The transaction is va...

E-booking platform Freightos WebCargo has acquired India’s Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai. — Aircargonews Solomon & Co advised Freightos Limited (Hongkong) led by a team of managing partner Aaron Solomon , senior associate Kinjal Katkoria Pari...

ArcelorMittal Nippon Steel India … said it has completed the acquisition of 500 Mega Watt (MW) Bhander power plant in Hazira, Gujarat. — Moneycontrol AM/NS India, a joint venture of ArcelorMittal and Nippon Steel, is getting closer to securing ancillary units that were not part of the Essar Steel ac...

Reliance BP Mobility Limited (RBML), the fuels and mobility joint venture of Reliance Industries Limited (RIL) and bp plc has started operations, aiming to expand the fuel retailing network to up to 5,500 sites in five years from over 1,400, under the Jio-bp brand. — Hindu Business Line Reliance Ind...