Corporate

CAM, Indus, Sidleys on realty giant Macrotech Dev $340m IPO

Realty major Macrotech Developers, which recently raised Rs 2,500 crore through a public issue, on … said it will list its shares on stock exchanges on April 19. The Mumbai-based company launched its initial public offer (IPO) on April 7 to raise Rs 2,500 crore through fresh issue of shares. The iss...

Desai acts for SP Ports on Shapooji Pallonji $53m JV buyout to HPCL for build Gujrat LNG Terminal

“State-owned Hindustan Petroleum Corporation Ltd (HPCL) will buy out the share of its joint venture [partner] SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being set up at Chhara in Gujarat,” reported Mint . Desai & Diwanji advised SP P...

Rohilla & Co acts for ChrysCap-backed Safex Chemicals on Shogun buy

Safex Chemicals India Ltd on Wednesday announced the acquisition of Mumbai-based chemical maker Shogun Organics for an undisclosed amount. The acquisition will provide Safex a platform to backward integrate the agrochemical technical segment and enter the home care and agrochemical technical manufac...

AZB acts for Qatar on Swiggy’s $800m war-chest haul with Indus

Not to be outdone by fellow food delivery rival Zomato, foodtech unicorn Swiggy is in the final stages of closing an $800 Mn Series J funding round, which is likely to see the company reach close to $5 Bn in valuation, a jump from its previous reported valuation of $3.6 Bn in 2020. — Inc42 AZB &...

AZB, SAM, Tatva act on Infy co-founder Raghavan’s Indegene $200m healthtech sale to Carlyle, Brighton

Brighton Park Capital and Indegene, the Bangalore-headquartered enterprise healthtech solutions provider, today announced that Carlyle and Brighton Park Capital will acquire minority stakes in the company for US$200 million. The transaction, which is subject to customary regulatory approvals, consis...

CAM acts on $98m Embassy Office Parks deal for Blackstone group (Mar ‘19)

Embassy Office Parks, which recently launched India’s first real estate investment trust (REIT), Friday said it will raise Rs 3,000 crore through the allotment of debentures on a private placement basis. — Businesstoday Entities in the Blackstone group have invested an amount of approximately INR 68...

Rajaram on DealShare $11m raise from Matrix Partners, others (Oct ‘19)

Social buying platform DealShare said it has raised $11 million (Rs 78 crore) in two investment rounds led by Matrix Partners and Falcon Edge, along with participation from the partners of DST Global and Omidyar Network. The company, whose model mirrors that of China’s Pinduoduo, focuses on group bu...

Veeksha, Vertices, Poovayya on personal care brand mCaffeine’s $2m Series A (Jun ‘19)

Skin and hair care brand mCaffeine … said it had raised $2 million as a part of its Series A funding led by RP-SG Ventures. Other key investors who participated in this round include Apurva Salarpuria, LV Angel Fund, KRS Jamwal, and Telama Investments. — Yourstory Veeksha Law advised Lets Venture Fu...

Khaitan acts for Wadhawan Global on $13m slump-sale to Sachin Bansal for insurance play (Jan ‘20)

Flipkart co-founder Sachin Bansal has acquired a general insurance company and applied for a bank licence, as he takes rapid strides to build a diversified financial services business after leaving the online retailer in 2018. — VCCircle Navi Technologies, owned by Sachin Bansal, acquired 100% of th...

Samisti on fin-tech startup SuperMoney’s $1m raise from Unitus (Feb ‘20)

BENGALURU: Fintech platform SuperMoney has raised $1 million (Rs7 crore) from early-stage investor Unitus Ventures.

Mint

Samisti Legal LLP advised Super Money led by a team of partner Prashant Jain, principal associate Anita Dugar.

Deal value: INR 7 crores (USD 1 million)

2020-02-06

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ELP acts on Bharat Rasayan $60m JV with Japan’s NCC (Feb ‘20)

Bharat Rasayan Limited, an Indian listed company has executed a joint venture agreement with Japan based, Nissan Chemical Corporation with the total investment value amounting over INR 441 crores (USD 60 million), as per the press release by Bharat Group . The newly formed JV named as Nissan Bharat ...

Rajaram, Khaitan on ed-tech Openhouse Technologies $6m Series A (Dec ‘19)

Matrix Partners India along with Accel Partners have invested over INR 44 crores (USD 6 million approx) in an education startup, Openhouse Technologies on a Series A equity funding round, as reported by VC Circle . Rajaram Legal acted as the legal counsel for Matrix Partners India led by a team of p...

Private vax overdrives: How law firms struggle getting corporate jabs (and why most might prefer doing it quietly after #SAMCares)

Over the past days, legal whisper networks as well as social media sites have been abuzz about Shardul Amarchand Mangaldas’ (SAM) vaccination camp, which had begun vaccinating all of its Delhi staff at its Okhla offices.

ELP promotes 2 to equity partnership of 12, including first fully-homegrown Nalsarite

Economic Laws Practice (ELP) has expanded its equity partnership to 12 by promoting Kumar Visalaksh and Ashish Prasad to equity partners.

Khaitan acts for Schneider Electric on strategic minority investment in Planon cloud player

Schneider Electric, the leader in the digital transformation of energy management and automation, announces a strategic minority investment in Planon Beheer B.V. (“Planon”), a leading cloud-based software provider in Integrated Workplace Management Systems (IWMS). Subject to normal regulatory and le...

Antares for Smart Joules on $4.1m Series A fundraise

“Energy-efficiency-as-a-service startup Smart Joules has raised $4.1 Mn in its Series A funding round from various investors, namely ADB Ventures, the venture arm of Asian Development Bank (ADB), Sangam Ventures, Max I. Limited, cKinetics Accelerator, Dabur family’s Saket Burman and six other angel ...

ALMT, DSK on SRL Diagnostics $47.8m buy of Kerala pathlab chain JV DDRC

SRL Diagnostics has emerged as the largest pathlab chain in the country after it acquired its joint venture partner in Kerala, DDRC, for ₹350 crore last month. — Hindu Business Line ALMT Legal advised DDRC Group and its founders, led by a team of partners Rajat Bopaiah , Junia Sebastian and Arindam ...

JSA, Indus, Duane on Affle India $81m QIP

Affle (India) has raised ₹600 crore from qualified institutional investors. The fund raising committee of Affle (India) has declared closure of the QIP issue on May 4 and approved the price as ₹5,200 a share. The company has allotted 11,53,845 shares to eligible qualified institutional buyers. Affle...

AZB on India leg of US’ Serent Cap investment in accountancy software BQE

BQE Software, a leading cloud-based software provider to professional service firms, announced a significant growth investment from Serent Capital, a growth-focused firm that invests in technology and tech-enabled services companies. BQE Software’s flagship product, BQE Core, is a native cloud-based...

JSA acts for Multiples PE on Zydus AH’S $396m buy

Zydus Animal Health and Investments Limited (ZAHL) a wholly owned material subsidiary of Cadila Healthcare Limited, has entered into a Business Transfer Agreement (BTA) and other ancillary agreements to sell and transfer its Animal Healthcare Established Markets Undertaking to Multiples Alternate As...