Corporate

Legasis, Lexstart acts on Tessol fundraise from 1Crowd, angels (Dec ‘19)

Tessol Energy Service Solutions, a Mumbai-based cleantech startup that provides thermal energy-based cold chain technology solutions, has raised an undisclosed sum in a funding round from crowdfunding platform 1Crowd. A group of angel investors, whose identities were not disclosed, participated in t...

Indus, Khaitan act on India leg of Invesco buy of RedBlack trading tech firm with Kochi office (Dec ‘19)

PRNewswire: Invesco Ltd., a global independent investment management firm, announced today the expansion of its digital wealth business supporting advisors, end-investors, and financial institutions with industry-leading tools, resources and investment capabilities. RedBlack, a market-leader in port...

Khaitan acts for Emami on selling out of Emami Power to Brookfield AM (Mar ‘20)

The promoters of Emami Group sold their entire shareholding in Emami Power Limited to Pyrite Power Private Limited, an Indian affiliate of Brookfield Asset Management Inc. Canadian investment giant Brookfield Asset Management has sealed a deal to buy out Emami Power, the solar power business of Kolk...

Kochhar acts on Mehru Electrical engineers JV with Russian company (Oct ‘19)

Massa LLC entered into a joint venture with Mehru Electrical and Mechanical Engineers Private Limited for manufacture of ultra-high voltage bushing - Massa Izolyator Mehru Pvt. Ltd. (MIM), according to a press release . Kochhar & Co advised Massa LLC led by a team of senior partner Vijay B Ravi...

AZB acts for Warburg on $39m, 22% investment by UK Climate Investments Apollo (Apr ‘19)

UK Climate Investments Apollo Limited acquired 22% in Clean Max Enviro Energy Solutions Private Limited, for which Warburg Pincus is an existing shareholder, according to reports . AZB & Partners advised Yellow Bell Investment Limited, an affiliate of Warburg Pincus LLC, led by a team of partne...

AZB advises Actis on $30m injection for Pine Labs’ acquisition of Qwikcilver (Apr ‘19)

Actis portfolio company, Pine Labs, India’s leading merchant platform company, has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for USD 110 million, subject to closing conditions. The transaction has been funded from the company’s cash reserves a...

AZB helps Everstone buy Sahyadri hospital chain in Maha (Apr ‘19)

The Everstone Group (Everstone), has signed an agreement to acquire a controlling stake in Sahyadri Hospitals Limited (Sahyadri), the largest hospital chain in Maharashtra. The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in next five years....

ANM promotes Radhika Mathur to partner, to head & capitalise on ‘growing phase’ of civil aviation sector post recovery

ANM Global Inc has promoted Delhi-based Radhika Mathur, who had joined in July 2019 as a corporate and aviation practice associate partner from Rajinder Narain & Co, has been promoted to partner.

Khaitan cautiously re-opens offices at 10-25% capacity for volunteers after Aarogya Setu install push

All Khaitan & Co offices have opened their doors again today to allow fee-earners and staff - purely on a voluntary basis - to physically return to work.

Rajaram, Cantor Associates act for Toddle teacher tools on first fundraise round

Educational technology startup Toddle has raised its first institutional funding round, led by Matrix Partners India. Better Capital and angel investors such as Swiggy co-founder Rahul Jaimini also participated in the capital raising, Deepanshu Arora, co-founder of Toddle told ET, without disclosing...

In $994m QIP after dry spell, AZB & CAM share credits for Kotak with S&R, CC for managers

Kotak Mahindra Bank… launched qualified institutional placement (QIP) offering to raise up to ₹7,500 crore. The bank has set a floor price of ₹1,147.75 per share for the offering. QIP is a tool used by listed companies to sell shares or other securities to qualified institutional buyers such as mutu...

Universal acts for Nutrova on DSG fundraise

Axys Nutrition Products Pvt. Ltd, which makes nutrition and nutraceutical products under the brand name Nutrova … said it has raised funding from consumer-focused venture capital firm DSG Consumer Partners. — VCCircle Universal Legal advised Nutrova , owned by Axys Nutrition Products Pvt Ltd led by ...

SAM for Tatas, JSA for Pepsi on latter’s exit from NourishCo Bev JV

NEW DELHI : Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged beverages market. — Mint J Sagar Associates advised PepsiCo India Holding...

DSK helps ReNew Power buy Climate Connect AI energy-management start-up

ReNew Power … said it has acquired Climate Connect, an artificial intelligence (AI) and machine learning start-up, to get access to energy management services. It added that the acquisition would strengthen ReNew Power’s ongoing digital and analytics initiative which aims to leverage its data and op...

JurisCorp increases internship intake up to 50% by going virtual

Juris Corp has increased its intake of interns by taking its internship programme “virtual”, as the continuing Covid-19 pandemic has made physical internships all but impossible.

CAM Mumbai litigator Bhalchandra Palav joins Link Legal as partner

Link Legal India Law Services has hired Cyril Amarchand Mangaldas (CAM) Mumba-based principal associate Bhalchandra Palav has joined as a partner in the dispute resolution team.

Indus sets up tax practice, nabs EY CA-director Ritesh Kumar Talreja

Less than a year after starting a capital markets practice, Indus now forays into bespoke tax

Samvad, IC Universal do $5.9m agritech Intello Labs Series A

Agritech startup Intello Labs has raised $5.9 million in Series A round led by early stage investor Saama Capital, along with global agritech funds GROW (Singapore) and SVG Ventures THRIVE (US). Existing investors Omnivore and Nexus Venture Partners also participated in this round. — Mint Samvad Par...

JSA, SAM, CAM act on $45m Vivriti Capital online debt platform Series B

Vivriti Capital Pvt. Ltd, which runs an online enterprise debt platform and lender, has raised $50 million (about Rs 350 crores) in its Series B funding from LGT Lightstone Aspada. — VCCircle J Sagar Associates advised Creation Investments India III, LLC (Creation), led by a team of partners Lalit K...

Indus, SAM, NDA team up for $19m Series B for warranty services provider Onsitego

Mumbai-based extended warranty and device protection services provider Onsitego has raised $19 million (approximately Rs 135.71 crore at current exchange rates) in its Series B funding round led by the Avendus-sponsored Zodius Growth Fund. — VCCircle INDUSLAW advised Accel led by a team of partner A...