National head of banking and finance and partner at Shardul Amarchand Mangaldas, Sapan Gupta, is set to join Indo-French multinational steel ArcelorMittal in a senior regional general counsel (GC)-like role in Mumbai, according to two sources with knowledge of his move.

Scoop: Hemant Sahai says firm will be back up to 30 partners in coming months

The Board of UFO Moviez India at its meeting held on 20 December 2019 has approved an investment of Rs 20 crore by way of convertible instruments over a period of three years in Cinestaan Digital. Post conversion of instruments, the company will get up to 62.50% stake in Cinestaan Digital. — Busines...

NEW DELHI: HomeVista Decor and Furnishing, which owns and operates online home interior design platform HomeLane, has raised $30 million (Rs 213.50 crore) in a new funding round, led by Evolvence India Fund, NSE-listed Pidilite Industries Ltd and New York-based investment firm FJ Labs. The Series D ...

Global private equity firm Blackstone Group Inc has formed a joint venture with Greenbase, a Hiranandani group firm, to develop warehousing and logistics parks across the country. This marks the entry of Blackstone, a US-based company, into the Indian warehousing and logistics sector. — Mint Khaitan...

The IoT-SaaS startup will use the funding to build AI capabilities for each of its horticulture value chain — Inc42 IC Universal Legal advised Omnivore Partners led by a team of partner Sameena Chatrapathy , senior associate Janani Dinesh , associate Adeeb Shah , associate Raghavi Raj . Burgeon Law ...

NEW DELHI: Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said four people aware of the development. — Mint IndusLaw advised long-standing AMPSolar India and its management team led by a team of par...

Shardul Amarchand Mangaldas (SAM) private equity (PE) and venture capital (VC) partner Siddharth Nair will remain with the firm but has moved from Bangalore to Delhi in a primarily non-fee-earning role, we understand.

Poovayya & Co has promoted Bangalore-based Pallavi Smriti to partner in its litigation practice, with effect from this year.

Former Cyril Amarchand Mangaldas Mumbai partner Vedant Shukla has joined Ultratech Cement as general manager (GM) legal for global M&A.

Apeejay Surrendra Park Hotels Ltd, which owns and operates hotel under the brand name ‘The Park’, has filed a draft prospectus with the Securities and Exchange Board of India for an initial public offering. — VCCircle Khaitan & Co advised the managers , ICICI Securities Limited , Axis Capital L...

In yet another startup acquisition, Reliance Industries has scooped up Hyderabad-based SaaS startup NowFloats Technologies. The filings with the stock exchange show that Reliance Strategic Business Ventures Limited, a wholly-owned subsidiary of Reliance Industries Limited has acquired equity shares ...

Healthcare startup Pristyn Care … said it has raised $12 million in a Series B funding round led by Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital and AngelList. — Mint Veyrah Law advised Pristyn Care led by a team of partner Ajay Joseph , principal associate Arun Mohanty , associate...

Non-banking finance company Five Star Business Finance has raised $50 million in a new funding round led by private equity major TPG Capital, valuing the Chennai-based lender at $950 million. The company, which was founded back in 1984, has been on a strong growth trajectory since 2014, creating a b...

ZestMoney, an artificial intelligence-driven financing platform, has raised over Rs 100 crore ($15 million) in an equity investment round led by American investment banking giant Goldman Sachs. The Bengaluru-based company’s existing investors, Naspers Fintech, Quona Capital and Flourish, also partic...

Bombay Shaving Company (BSC) has raised Rs 45 crore in a new financing round, led by Sixth Sense Ventures, with participation from existing investor Colgate Palmolive Asia Pacific. Following the fundraising, a clutch of angels and early employees have exited the brand, which has picked up Rs 80 cror...

PremjiInvest, the family office of chair man Wipro Ltd Azim Premji, is set to acquire a stake in Hyderabad-based pharmacy chain Medplus Health Services Pvt Ltd — VCCircle Samisti Legal advised Medplus Health Services led by a team of partner Prashant Jain . Deal value: Rs 200 Cr (according to Busine...

Value Line Pte. Ltd, an affiliate of KKR Asian Fund II L.P., sold 6,500,000 equity shares of SBI Life Insurance Company Limited, constituting around 0.65% of the issued and paid-up share capital of SBI Life Insurance Company Limited. Private equity giant KKR & Co. has scored benchmark returns b...

Zoomlion acquired land to set up of manufacturing unit in Khed City Industrial Park, an SEZ set up jointly by MIDC and Bharat Forge. ZOOMLION India Private Limited is a Chinese manufacturer of construction machinery and Heavy equipment. World’s 6th largest and China’s largest, Zoomlion signed an MOU...

Adani Logistics, a wholly-owned subsidiary of Adani Ports on Friday announced its plans to acquire cold-chain operator Snowman Logistics with the latter’s promoter Gateway Distriparks Ltd making a complete exit. The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a considera...