Greytip Software Pvt. Ltd, which provides cloud-based human resources and payroll management software to small and medium businesses, has raised Rs 34.5 crore ($4.9 million) in its Series C round of funding from Info Edge (India) Ltd. — VCCircle IC Universal Legal advised Greytip Software Private Li...

New Delhi Center for Sight Limited (NDCFS) acquired two eye care centers from Patni Healthcare Limited, according to reports.

Alpha Partners advised New Delhi Center for Sight Limited, led by partner Akshat Pande, senior associate Richa Hingle and lawyer Shreya Solenkey.

2020-03-20

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Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. — The Economic ...

IndusLaw has added Kochhar & Co partner Shabbeer Ahmed as a partner in its Hyderabad office.

Credit Suisse director and head of legal Sapna Bhawnani has been promoted to head of legal for South Asia.

US-based Encube Ethicals, which is a wholly-owned subsidiary of Encube India, acquired 100% of Tioga Research to “create one of the largest skin topical manufacturers and service providers”, according to the company’s press release (PDF) . Universal Legal advised Encube Ethicals Inc led by a team of...

At a time when the covid-19 pandemic has disrupted normal business operations and put cash flows under stress, Bengaluru-based real estate developer Embassy Property Developments Pvt Ltd has raised $180 million ( ₹1,355 crore) in debt to help with working capital requirements and repayment of existi...

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 ...

State-owned lender Bank of Baroda (BoB), on Friday said that it has signed a binding agreement with BNP Paribas Asset Management Asia Ltd for a potential merger of their mutual fund business, in an all-stock deal, the bank said in a stock exchange filing. — Mint AZB & Partners advised BNP Parib...

SAM bagged the mandate for Facebook and AZB for Reliance on India’s largest ever foreign-direct investment in a tech company, which values Reliance’s Jio Platform subsidiary at Rs 4.62 lakh crore (or nearly $66bn), with Mark Zuckerberg’s US technology giant buying itself a 9.9% stake in Jio Platforms Limited.

Bajaj Electricals Limited issued equity shares at a price of Rs 310 per rights equity share (including a premium of Rs 308 per rights equity share) aggregating to Rs 3,499.94 million ($47.5m). Bajaj Electricals Limited … announces the successful completion of its Rights Issue of Equity Shares, which...

Link Legal India Law Services has hired independent lawyer Jimit Shah as Mumbai-based associate partner in its capital markets practice.

Genetic diagnostics, research and data company MedGenome has raised $55 million (about Rs 419 crore) in a new round of funding, led by global impact investment firm LeapFrog Investments, the Bengaluru-headquartered company announced on Wednesday. The company’s two existing backers, Sequoia Capital a...

Private equity giant KKR, which has been looking to expand its hospital presence in India, has stepped in to let businessman BK [Modi exit the Max Healthcare business] — VCCircle PDS Legal advised BK Modi and other entities of the Smart Group led by a team of partner Vihang Virkar , executive direct...

NEW DELHI : Hakuhodo Inc, Japan’s second largest advertising company has acquired AdGlobal360 for an undisclosed sum. Adglobal360 was ranked as the fastest growing MarTech Company in 2019 by Deloitte. — Mint Pioneer Legal advised AdGlobal360 India Private Limited led by a team of partner Pritha Jha ...

Juspay Technologies Pvt. Ltd, which operates a payments technology firm, has raised $21.6 million (approximately Rs 164.05 crore at current exchange rates) in its Series B funding round. — VCCircle Update 28 April 2020 : INDUSLAW advised Juspay Technologies Private Limited led by a team including pa...

Oravel Stays, the parent company of hospitality chain Oyo Hotels & Homes, has [in March 2020] received a capital infusion of about $807 million (around Rs 5,976 crore) from two of its backers, SVF India Holdings and RA Hospitality, the Ritesh Agarwal-controlled investment entity, as part of its...

Indian movie producer Eros International Plc is merging with privately-held U.S. filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood. The combined company, to be known as Eros STX Global Corp., will be publicly traded and have a valuation of more than $1 bil...

DSK Legal has hired Link Legal India Law Services Delhi-based projects partner Dinesh Pardasani with a team of three.

NEW DELHI : India’s largest power generation utility—NTPC Ltd—-on Thursday announced the Rs 11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government’s largest asset-sale exercises. — Mint Trilegal advised...