Real estate focussed private equity fund ASK Property Investment Advisors (ASK PIA) has infused Rs 350 crore into two Pune-based developers, Paranjape Schemes and Naiknavare Group, who would use the fund for budget and affordable housing in different parts of the city… “ASK PIA has committed Rs 350 ...

An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. — Mint Khaitan & Co advised Runwal Developers led by a team of partner Haigreve Khaitan , partner Deepak Jodhani , principal...

Pratilipi, a platform that enables users to read, write and listen to stories in local languages, has raised Rs 105 crore, led by China-based Qiming Venture Partners. The financing round indicates bullishness of Chinese investors on the content startups. — The Economic Times Link Legal India Law Ser...

JSW Steel has entered into an agreement with JSM International, Acero Junction Holdings and Acero Junction Inc. to acquire 100% shareholding in Acero Junction, in the US for a cash consideration of $80.85 million. — The Economic Times The deal closed in June 2018. Economic Laws Practice (ELP) advise...

Stellar Value Chain Solutions Pvt. Ltd. (Stellar), a third-party logistics services company, has announced the 100 per cent acquisition of “Patel Roadways” business, the surface transportation arm of Patel Integrated Logistics Ltd. (PILL). — Newstoday Economic Laws Practice (ELP) advised Innovative ...

SAMHI Hotels Private Limited acquired 33% shareholding of SAMHI JV Business Hotels Private Limited from Luxury Singapore Holding Company Pte Ltd., an entity of the Marriott Group. Consequent to such acquisition, SAMHI Hotels Private Limited holds 100% of the shareholding of SAMHI JV Business Hotels ...

M1xchange, run by Mynd solutions Pvt. Ltd., has raised a Series-A round of venture capital from Mayfield India and SIDBI Ventures. — The Economic Times Economic Laws Practice (ELP) advised Mayfield India II Limited led by a team of partner Shyam Pandya , associate manager Alysha Razvi , associate ma...

Reliance Brands has purchased an additional 12.56 per cent stake in Genesis Colors Limited (GCL) for about Rs 52.77 crore, taking its total holding in the company to 46.39 per cent. “This is to inform that Reliance Brands, a subsidiary of the Company, has purchased an additional 12.56 per cent equit...

Private equity firm Neev Fund, which is backed by State Bank of India and UK’s Department for International Development, has invested an undisclosed amount in Mahendra Educational Pvt. Ltd, the PE firm said. — VCCircle Economic Laws Practice (ELP) advised Neev Fund led by a team of partner Shyam Pan...

Pune-based industrial Internet of Things (IoT) startup Infinite Uptime has raised $5 million (Rs 34.5 crore) in a Series A funding round from a clutch of venture capital and private equity firms, a company statement said. — VCCircle Economic Laws Practice (ELP) advised Mayfield India II Limited and ...

French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allot...

Google India and Tata Trusts announced the expansion of its ‘Internet Saathi’ program in the state of Tamil Nadu on Wednesday. Google India will facilitate the provision of Google Cloud credits and access through its affiliate, for eligible startups engaged with Tamil Nadu Government’s startup initi...

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday. SunSource Ener...

Sahajanand Medical Technologies (SMT), a manufacturer of cardiac stents, on Wednesday said it has raised Rs230 crore in a funding round led by Morgan Stanley Private Equity Asia. — Mint Economic Laws Practice (ELP) advised previous investor Samara Capital , which also joined the round, led by a team...

Issuance of Non- Convertible debentures by Coventry Properties Private Limited to funds managed by Motilal Oswal Real Estate Investment Advisors II Private Limited. The Non-Convertible debenture were issued to fund a real estate project in Sewree, Mumbai. ELP advised Coventry Properties Private Limi...

Investment by Multi Act Trade & Investments Private Limited in Aureus Analytics Limited (Singapore). ELP advised Multi-Act Trade & Investments Private Limited led by a team of partner Bhavin Gada , associate manager Soumya Shanker , associate Sharan Sanil , associate Mehak Gupta . Investme...

L&L Partners young corporate partner Amit Shetye is set to join New York-headquartered infrastructure investment fund giant Global Infrastructure Partners (GIP) in a senior in-house legal and executive role in India, according to several sources.

Haldiram Snacks has acquired the Namkeen brand Babaji and associated inventory from Lamba Food for an estimated value of around Rs 30 crores. The deal includes the acquisition of the Babaji brand, associated inventory, and associated plant and machinery. The deal was structured as an intellectual pr...

Electric scooter maker Ather Energy Pvt. Ltd said … that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore)… In addition to the equity round, Ather Energy said it has also raised $8 million in debt from ventu...

Giriraj Renewable Private Limited is a project company, which was established to build, own and operate solar power projects and supply power via long term power purchase agreements to Federal and state power distri-bution companies and Commercial and Industrial end-users. The project company target...