Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on business consolidation and new technologies, said company chair Madhavan Menon. — Bu...

Infra.Market, a Mumbai-based B2B online procurement marketplace for real estate and construction materials on Monday said that it has raised $20 million in Series A funding round led by Tiger Global, Nexus Venture Partners, and existing investors Accel Partners. The company plans to use the freshly ...

Cyril Amarchand Mangaldas has, according to its press release, “acquired the media and entertainment practice” of independent lawyer Ashni Parekh, which “has been developed by her over the past 14 years and is recognised as one of the leading practices in the media and entertainment space in India”.

Kshitiz Khera joins HSA H SA Advocates has hired Link Legal senior associate in litigation, Kshitiz Khera , as an associate pratner in Delhi, according to a press release. He specialises in civil and commercial litigation, bankruptcy and alternate dispute resolution, including domestic and internati...

Lakshmikumaran & Sridharan has hired Ashwin Mathew as a M&A, private equity and general corporate and finance partner in Mumbai.

Deal credit given in RBL QIP IndusLaw’s new capital markets team has completed its first deal with deal credit in the prospectus, in the RBL Bank Limited qualified institutional placement ( QIP ), together with Khaitan & Co, Norton Rose Fulbright and L&L Partners. The QIP had raised Rs 2,2...

Sunil Agarwal, long-time senior tax partner at AZB & Partners Delhi, has left the firm after having been appointed as senior standing counsel for the Government’s Income Tax Department, responsible for cases before the Delhi high court and its subordinate tribunals.

Muthoot Finance, the country’s largest gold financing company… has entered into an agreement to acquire IDBI Bank’s mutual fund unit, marking its entry into mutual fund asset management space. Muthoot Finance … has agreed to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company or a total co...

Bengaluru-based fintech company Cashfree Tuesday said it has secured USD 5.5 million (over 38 crore) in funding led by South Korea’s Smilegate Investment with participation from existing investor Y Combinator. The Series A funding also saw participation from investors such as George Osborne (former ...

New York-based Encourage Capital has invested over Rs 100 crore ($14 million) in Electronica Finance Ltd (EFL) to fund the Pune-based lender’s expansion into the rooftop solar financing business. — VCCircle Desai & Diwanji advised Encourage Capital led by a transaction team of partner Aneesh Gu...

Video ecommerce app SimSim has raised INR 43.49 Cr ($6 Mn) in a Series A funding round led by investment firms Accel India and China-based Shunwei Capital. Other investors participating in the round, included investment firm Good capital, high net worth individuals (HNI) Sunil Kalra and Samarth Bedi...

Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday. Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month. The category reserved for qua...

Venture capital firms Matrix Partners and Sauce.vc have provided seed funding to protein bar maker And Nothing Else, a company launched by a former Unilever executive earlier this year. — VCCircle Rajaram Legal advised Matrix Partners led by a team of partner Prasad Subramanyan , senior associate Ni...

Mid-range hotel chain Lemon Tree Hotels is acquiring Keys Hotels for Rs 471 crore in a bid to expand its portfolio. In a stock exchange notification, the New Delhi-based company said it would buy out Berggruen Hotels, the parent of Keys Hotels, at an enterprise valuation of Rs 605 crore ($87.6 milli...

Beleaguered ecommerce company ShopClues has found an unlikely home. Once a unicorn, the Gurugram-based startup was struggling to keep afloat due to a fund crunch. It was bought by Singapore’s Qoo10 for approximately $70 million in an all-stock deal in early November. Qoo10, barely known in India, is...

The Essel Group sold around 16.5% stake (in aggregate) in Zee Entertainment Enterprises Limited (ZEEL) to (i) OFI Global China Fund, LLC (off-market) and (ii) other investors by way of block trade on National Stock Exchange of India Limited (“Transaction”). The promoter group of Zee Entertainment En...

Bengaluru: Wingreens Farms Pvt Ltd, a food and beverage company, has raised ₹125 crore in a Series B round led by Zurich-based private equity fund responsAbility Investments AG, the company said. Existing investor Sequoia India also participated in the round. Existing investor Sequoia India also par...

Penguin Random House India has acquired the book-publishing assets of Duckbill Books that includes titles and its backlist of non-fiction and fiction books across a broad range of categories. “The Duckbill brand will be published within Penguin Random House India’s children’s publishing group divisi...

Preeti Balwani moves jobs, cities Mumbai-based The Kraft Heinz Company general counsel (GC) and executive director, Preeti Balwani , has joined Coca Cola-owned bottling operator, Hindustan Coca Cola Beverages Pvt Ltd as its general counsel . The former Singhania & Partners partner and Welspun G...

Former Sequoia India general counsel (GC) Sandeep Kapoor has quietly expanded a start-up law firm to three offices in 11 partners (of whom three are associate partners) in the space of only three-odd months since opening its doors on 1 August.