Murugappa Group firm Tube Investments of India Ltd (TIIL) has agreed to invest Rs 700 crore in CG Power and Industrial Solutions Ltd for a 51 per cent stake, the scam-hit company said on Friday. — Outlookindia The acquisition of the controlling interest in CG Power by the Murugappa Group is to be ex...

Private equity giant Blackstone and Bengaluru developer Embassy Group will sell an office park they own in Bengaluru to a real estate investment trust they have jointly sponsored for Rs 9,782.4 crore ($1.3 billion). — VCCircle Khaitan & Co advised Embassy Office Ventures , led by a team of part...

Syrma Technology and SGS Tekniks … announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation of Syrma SGS Technologies with a combined turnover of over Rs.1000 crores, with 55% revenues...

E-commerce giant Amazon and private equity firm Samara Capital have jointly invested over Rs 275 crore in Witzig Advisory Services, holding firm of the More supermarket chain, according to regulatory filings, sourced from business intelligence platform Paper.vc. — Business Standard AZB & Partne...

In an attempt to step up its game in the Kirana-tech space, American ecommerce giant Amazon has acquired Bengaluru-based retail tech startup Perpule for INR 107.6 Cr (about $14.5 Mn). The overall deal value is pegged at INR 150 Cr ($20 Mn) as Amazon is expected to pay additional remuneration to Perp...

Piramal Pharma Solutions (PPS) made this third acquisition of FY21 as it entered into an agreement to purchase a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd for ₹775 crore, the companies said in a joint statement on Wednesday. PPS is the contract development and manufacturing organization (CDMO) of...

Hospital-focused supply chain platform Aknamed… said it has acquired Vardhman Health Specialties for USD 35 million (over Rs 250 crore). The transaction enables Aknamed to further promote excellence in the delivery of healthcare essentials, with an enhanced pan-India footprint with leadership in the...

Cyril Amarchand Mangaldas has re-hired Rutu Gandhi as a partner in its financial regulatory practice (FRP) in Mumbai.

Allen & Overy (A&O) has appointed two Singapore-based partners, Sheila Ahuja and Pallavi Gopinath Aney, as joint chairs of its India group, after the departure of London-based former India head Sanjeev Dhuna.

IndusLaw has in Bengaluru recruited Bharadwaj Jaishankar as a partner in its intellectual property practice.

Dtwelve Spaces Private Limited, operating as Stanza to provide shared living spaces for young people, scored a $100m Series D fundraise from Matrix Partners India, Alpha Wave Incubator and Falcon Edge Capital, and Sequoia Capital (“Sequoia”), according to [ https://entrackr.com/2021/04/exclusive-sta...

“Cashify has in a Series D funding round raised $15 million from private equity Olympus Capital’s clean energy and sustainability arm, Asia Environmental Partners. Including this, the online reseller has raised a total of $40 million so far. The Gurugram-based startup last raised funds in 2018 from ...

Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler. — Moneycontrol Backed by marquee investors, Urban Company’s valuation rose up to USD 2 ...

Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Women’s activewear brand BlissClub has raised $2.25 million in seed funding led by Elevation Capital. Existing angel investors Neeraj Arora (ex-CBO, WhatsApp), Kunal Shah (founder, CRED), Rahul Mehta (… DST), Pam Lee (ex-Lululemon executive), Ashish Goel (founder, Urban Ladder), Chakradhar Gade (fou...

DigiHealth Technologies LLP, a wholly-owned entity of ABCD Technologies LLP and now to be renamed as IndoHealth Services LLP has acquired 66.02% stake in AIOCD Pharmasofttech Awacs, though a combination of direct purchase of 50% ownership interest in AWACS and an indirect purchase of 16.02% ownershi...

Vivek Mittal (l) joins Dr Reddy F ormer Danaher regional counsel Vivek Mittal has joined Dr Reddy’s Laboratories as its global GC, based in Mumbai. Mittal succeeds Suprio Dasgupta in the role, who has moved to Glenmark Pharmaceuticals as general counsel. That move follows Glenmark global general cou...

T he 2017-founded Chennai-based start-up law firm VB Legal , which had been started by ex-J Sagar Associates (JSA) partner Varun Sriram and local independent practitioner Bhavya Sriram has rebranded to Commercial Law Advisors (CLA) after growing to three partners. In 2019, then-Freshworks director l...

Herbert Smith Freehills (HSF) London-based India litigation head Nick Peacock, who had been with the firm for more than 20 years, has joined Bird & Bird and will head up its international arbitration team from London.

Ess Kay Fincorp Ltd, a non-banking finance company, has raised ₹337 crore in a Series E funding from TPG Growth, Norwest Venture Partners and Evolvence. The company’s promoter Rajendra Setia also invested in this round. With this investment, the firm has raised over ₹1,000 crore of external capital ...