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...

Weather forecasting services provider Skymet Weather Services has closed a series C round of funding from the InsuResilience Investment Fund., reported The Economic Times . The amount of investment involved in the transaction remains undisclosed, though as per the report by The New Indian Express , ...

Param.ai, an AI-based inbound hiring solution startup has raised Rs 1.75 crores (approximately $273,500) in a seed funding round led by US-based Institutional Fund, Core Financial LLC along with National Award Winner Actor and brand endorser for Param, Ashish Vidyarthi, as reported by Business World...

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...

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, has raised $10 million with a follow-up funding round led by the B Capital Group, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, along with existing investor DSG Consumer Partners, aggreg...

Bangalore-based fintech company BankBazaar in October concluded over 100 days of negotiating an investment transaction, pulling in $30m from London-based credit agency giant Experian and others, as reported by Techcrunch.

Clasis Law won in the Supreme Court for Australian lender Macquarie Bank whose money recovery suit against global steel giant ArcelorMittal’s loss-making unit Uttam Galva Steel, was dismissed in June by the National Company Law Tribunal as then reported by VC Circle . Senior advocates Mukul Rohatgi ...

Cyril Amarchand Mangaldas (CAM) Delhi partner Piyush Mishra, who had been hired in 2015 from Luthra & Luthra, has resigned the firm and is understood to in advanced talks to be joining AZB & Partners.

State-owned lender Union Bank of India (UBI) has proposed to raise up to Rs 2,000 crores (approximately $312.4 million) through qualified institutional placement (QIP) with an initial offer of Rs 1,000 crores followed by a green-shoe option for another Rs 1,000 crores, as reported by Financial Express. The placement document was filed with the Indian stock exchanges on 12 December 2017. As a part of the transaction, equity shares of face value of INR 10 each of UBI were placed with QIBs, aggregating to INR 2000 Crores.

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...

AZB & Partners Mumbai lateral partner and compliance and investigation practice head Ajay Upadhyay has moved to KPMG as a partner in its forensic practice, two years after having joined from E&Y.

In otherwise quiet pharma capital markets, leading pharmaceutical company, Natco Pharma has raised Rs 915 crores (approximately $142.5 million) through the issue of securities to qualified institutional investors, as reported by MoneyControl and The Economic Times . The board of directors earlier at...

Bombay solicitors firm Solomon & Co has expanded to Pune after 109 years of operations only from Mumbai.

Karanjawala & Co has promoted nine associates from Amity Delhi, Amity Noida, Symbiosis Pune, RGNUL Patiala, Llyod Noida and GLC Mumbai to senior associate.

“Airtel will sell a 15% stake in the DTH business to Warburg Pincus entity Lion Meadow Investment for Rs 1,623.76 crore, the telecom firm said in a stock exchange filing on Tuesday. Another group company that holds 5% of Bharti Telemedia will offer its entire stake to the PE firm. The deal values Bharti Telemedia at close to Rs 11,300 crore. This may make it India’s second largest DTH player by valuation, according to industry experts,” reported The Economic Times.

“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.

J Sagar Associates (JSA) Delhi partner Vishal Anand has died earlier this morning of cardiac arrest following multiple organ failures, after having been admitted to hospital several weeks ago.

Jet Airways vice-president for aeropolitical, government and international affairs Gautam Acharya has taken over as vice president of legal and regulatory affairs at the airline, reported the Business Standard, as part of a major management reshuffle.

Mumbai-based mid-market PE firm Gaja Capital has raised INR 85 crores (USD 13 million) in design-led lifestyle venture Chumbak Design in an investment round by subscribing to securities of Chumbak constituting 28.36%, as reported by The Economic Times and VC Circle . Along with Gaja, the round also ...

“The government has succeeded in raising Rs 14,500 crore through the Bharat-22 Exchange Traded Fund (ETF) which received bids worth a staggering Rs 32,000 crore, the highest ever for a mutual fund. The government had launched the Bharat-22 ETF comprising stocks of blue-chip public sector companies i...