Delta Corp rose 1.56% to Rs 110.90 after the company said that its subsidiary, Delta Pleasure Cruise Company, will acquire up to 45% stake in Waterways Shipyard for consideration not exceeding Rs 15.50 crore. — Business Standard AZB & Partners advised Delta Pleasure Cruise Company Private Limit...

Norwegian conglomerate Orkla which owns MTR Foods has entered an agreement to buy a majority stake in Kerala’s largest spice player Eastern Condiments for Rs 2,000 crore with an aim to double up its spice presence in India. — Business Standard IC Universal Legal advised Eastern Condiments Private Li...

A private equity fund managed by JM Financial has signed a definitive agreement to acquire a significant minority stake in Coimbatore-based co-living operator Isthara Parks as the firm founded by ace banker Nimesh Kampani aims to capitalise on an institutional drive in a largely unorganised room-sha...

Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol. — Moneycontrol AZB & Partners advised Manulife Asset Management (Singapore) Pte. Ltd on...

The RP – Sanjiv Goenka Group acquired the license to print and publish the Fortune India magazine through the acquisition of 100% shares of Business Media Private Limited (erstwhile holder of the license granted by Fortune Media IP Limited (an assignee of Time Inc)), according to reports . Khaitan &...

Global acquisition of worldwide operations of Whitford Worldwide by PPG Industries including its Indian subsidiary, according to March 1, 2019 reports . Kochhar & Co advised PPG Industries led by a team of senior partner Chandrasekhar Tampi , partner Sarika Raichur , associate Lakshya Khanna . ...

Acquisition by Vision India Fund of Deccan Chronicle Holdings Limited pursuant to a resolution plan approved by the NCLT, according to icle/articleshow/69641903.cms reports : “HYDERABAD: Ending nearly two years-long suspense over resolution for ailing media house Deccan Chronicle Holdings Ltd, the N...

West Coast Paper Mills (WCPM) has entered into a share-purchase agreement to acquire about 51-60 per cent stake in NYSE-listed International Paper’s (IP) Indian unit, International Paper APPM Ltd. — Hindu Business Line AZB & Partners advised International Paper APPM Limited led by a team of par...

NephroPlus, a city-based dialysis network and a trailblazer on Tuesday said it acquired majority stake in Royal Care Dialysis Centers Inc (RCDC), a reputed dialysis network in the Philippines with deep focus in delivering high quality care. According to a press release by NephroPlus, through this st...

Gamot, an investment platform formed by private equity (PE) firm PAG along with PE funds CX Partners and Samara Capital has acquired a controlling stake in Chennai-based API manufacturer Anjan Drug. — The Times of India AZB & Partners advised PAG Asia Capital HK Limited led by a team of partner...

Insurtech provider Vertafore has announced that it has acquired VUE Software. The acquisition will complement Vertafore’s Sircon products, the company said. — Insurancebusinessmag AZB & Partners advised Vertafore Inc led by a team of partners Ashwath Rau and Anu Tiwari . 2019-04-03 Deal value: ...

The Sunil Mittal-led telecom major Bharti Airtel and Hughes Communications India (HCIL) on Tuesday have decided to combine their VSAT (Very Small Aperture Terminal) satellite communications operations in India. The transaction is subject to approvals by relevant authorities. — Business Standard AZB ...

IDBI Bank… said it will sell part of its stake in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank. Ageas will acquire 23% stake, while Federal Bank will buy 4%, the lender said in a disclosure to the stock exchanges. — Mint Shardul Amarchand Ma...

MonotaRO Co Ltd, Japan’s largest MRO B2B ecommerce company, on Friday said it has invested $15 million (about Rs 110.5 crore) in a joint venture with Emtex Engineering to grow the latter’s SME (small and medium enterprises) ecommerce business in India. — Ptinews DMD Advocates advised MonotaRO Co Ltd...

Kishore Biyani has surrendered the ‘crown jewel’ of the Future Group by selling his retail business to billionaire Mukesh Ambani’s Reliance Retail in a stunning reversal of fortunes for a businessman who was once celebrated as India’s Retail King. — Moneycontrol Trilegal advised Future Group led by ...

Think and Learn which owns and operates education technology platform Byju’s — The Learning App — has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction… WhiteHat Jr, founded in 2018 by Karan Bajaj, the former CEO of Discovery Networks India, operates in the K-12 segment, teach...

Carlyle will buy a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million, the U.S. private equity group said on Wednesday, as it taps into the rapid growth of digital services in India. The acquisition, by an affiliate of Carlyle, will give Airtel’s Nxtra Data Ltd an ...

Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. — Company Press Release AZB & Partners advised -Miranda Tools Priv...

New Delhi: Engineering conglomerate Escorts … said Japan’s Kubota Corporation will acquire 10% equity stake engineering in the firm for Rs 1042 crore. Upon completion of this transaction, Escorts and Kubota will partner and aim to become a leading player in the Indian market and a hub of product dev...

Leading FMCG player Hindustan Unilever (HUL) on Friday said it has completed the acquisition of VWash from pharma major Glenmark Pharmaceuticals. The company, however, did not disclose the value of the transaction. — The Economic Times Cyril Amarchand Mangaldas advised Glenmark Pharmaceuticals Limit...