Augmented reality start-up Adloid has partnered with the world’s largest two-wheeler maker … for the launch of virtual showroom, which can be accessed by a customer through smartphones, tablets and similar devices, a statement said on Thursday. — Mint Ikigai Law advised Adloid led by a team of senio...

Bharti Airtel’s board approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company. The board also cleared the demerger of the company’s telecom business, and vesting the same wi...

The board of Garware Technical Fibres … approved a proposal for buyback of up to 3.17 lakh shares from all shareholders, including promoters and members of the promoter group, at ₹2,300 a share for an aggregate amount of about ₹73 crore. The buyback will be through the tender offer route, on a propo...

Lupin Ltd engaged Juris Corp for developing content for one of India’s first comprehensive Medico-Legal Application created by Lupin Ltd which has been launched by the name of ‘LegalRX: Medico-Legal Information’. Juris Corp advised Lupin Limited led by a team of equity partner Avikshit Moral and ass...

Grasim Industries Limited entered into a long-term arrangement with Lubrizol Manufacturing India Pvt Ltd. (Lubrizol) to manufacture and supply Chlorinated Polyvinyl Chloride (CPVC) resin in India, including a Master Project Agreement, Manufacture and Supply Agreement and Technology License Agreement...

Sale of shares (approximately 47.70%) held by SAG in SIL, an Indian listed company, to SAG’s subsidiary, SIH BV, through a block deal on the floor of BSE Limited. SAG will continue to be the ultimate holding company and promoter of SIL following the completion of this transaction, according to repor...

Baring Private Equity Asia has taken one step closer to selling software services company Hexaware Technologies Ltd that it acquired seven years ago, starting with buying out shareholders to take it private. — Mint AZB & Partners advised Hexaware Technologies Limited led by a team of partners Z...

Siemens India’s promoter group rejigged its holding in the company as the German parent Siemens AG transferred 24% stake in the Indian arm to subsidiary Siemens Gas and Power Holding BV in line with the conglomerate’s global strategy. The overall holding of the parent group remained unchanged at 75%...

Tata group Wednesday announced the transfer of its branded food business from Tata Chemicals Ltd to Tata Global Beverages Ltd in an all shares deal that will create an over Rs 9,000 crore giant. — Business Standard AZB & Partners advised Tata Chemicals Limited (“TCL”) led by a team of Corporate...

The National Company Law Tribunal has approved a scheme of arrangement involving transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary Telesonic Networks, according to a regulatory filing. The company had in November 2017 announced it plans to transfer the ...

UK-headquartered Xeros Technology Group has signed a deal with India’s Ramsons, one of the largest garment finishing equipment suppliers in South Asia, to develop a range of innovative, sustainable garment finishing equipment. Xeros said the deal, signed last week, provides Ramsons Garment Finishing...

Reliance Industries Ltd (RIL) today announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. — Mint Trilegal advised Reliance Industries Limited (RIL) in the restructuring as the sole legal advisor on the deal, according to the firm’s release...

JSW Bengaluru Football Club Private Limited has entered into a club partnership with Rangers Football Club, one of the oldest football clubs in the world and the current leaders of the Scottish Premiership, to share expertise, facilities, goodwill, knowledge and resources to enhance the quality of f...

Ncubate India Services, a SAR Group company, sold 10.03% of the share capital of Livfin India, an NBFC providing supply chain financing, to the management team of Livfin India. This deal has not been reported by any mainstream media outlets at the time of going to press and is based on the informati...

Engineering firm Greaves Cotton Ltd on Thursday said it has increased its stake in Coimbatore-based Ampere Vehicles making the completion of the acquisition. Greaves Cotton announced the completion of the acquisition of entire shareholding of Ampere Vehicles CEO, Hemalatha Annamalai through secondar...

A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipka...

Subhash Chandra’s Essel Group agreed to sell stake in Zee Entertainment Enterprises Ltd. to Invesco Oppenheimer, helping promoters of India’s largest broadcaster repay lenders. Invesco Oppenheimer Developing Markets Fund will acquire up to 11 percent stake in Zee from its promoters for Rs 4,224 cror...

Agriculture and food-focussed investor Pioneering Ventures is increasing its stake to 90% in Desai Fruits and Vegetables, which it had incubated, by picking up 28.37% stake from Deepak Fertilizers and Petrochemicals Corporation Limited. In the deal, Pioneering Ventures will be acquiring stake from D...

Shares of InterGlobe Aviation (IndiGo) climbed 2 per cent to Rs 1,673.60 in Tuesday’s session, after the company said it has placed a $20 billion order for LEAP-1A engines with US-based CFM International to power its future fleet of 280 narrow body aircraft. The decision to go with CFM engines for i...

Thomas Cook (India) Ltd. today said its board has approved corporate restructuring , subject to regulatory approvals, through composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals. — Bloombergquint AZB & Partners advised Thomas Cook (Indi...