IIFL Special Opportunities Fund, an investment arm of India Infoline Limited, invests approximately Rs 83 crores in Parksons Packaging Limited, a public company in the business of manufacturing of cartons and other customised packages for various business conglomerates. Jerome Merchant + Partners ad...

HSA Advocates has hired independent practitioner Vatsal Gaur, who had started his independent two years ago after leaving Khaitan & Co and Lakshmikumaran & Sridharan, as associate partner in Delhi, according to its press release.

Debt capital markets lawyer Pallavi Gopinath Aney has left Baker & McKenzie Singapore to join Allen & Overy (A&O) as a partner, Bar & Bench has reported.

With effect from 1 July, Cyril Amarchand Mangaldas has promoted 19 of its lawyers to partnership, growing its total partnership size to 132, with its total fee-earner headcount now standing at 737.

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, has raised ₹387 crore ($55 million) in a Series D round led by Nuveen, the investment management arm of Teachers Insurance and Annuit...

Japanese steel major Sumitomo Corporation has acquired 49 per cent stake in Mukand Sumi Special Steel, a joint venture set up in partnership with Mukand Steel, for ₹1,181 crore. Mukand Ltd will own 51 per cent equity in the joint venture company. — Hindu Business Line Argus Partners advised Mukand L...

AllyGrow Technologies, a global engineering service provider to the automotive, heavy engineering and aerospace industries, and Grammer AG, one of the leading automotive interior specialists well known for its innovative and high-quality products have recently joined forces in the form of setting up...

Reed Exhibitions, a division of RELX, has announced the acquisition of PackPlus- a portfolio of leading trade fairs previously owned by Next Events, serving the Indian packaging industry. Launched in 2006, PackPlus, an annual event held in Delhi, has established itself as India’s largest dedicated g...

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor. — Business Standard L&L Partners advised Mintifi Private Limited led by a tra...

Birla group flagship Grasim Industries has signed an agreement to acquire Soktas India from its Turkish promoters for Rs 165 crore. Soktas is a wholly-owned subsidiary of the Turkish firm Soktas Tekstil Sanayi ve Ticaret, which produces and markets premium fabrics and has its main facilities at Soke...

Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the Gulf’s fifth-biggest lender with about $114 billion in assets. — Bloomberg All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when y...

Reliance Industries-controlled Reliance Industrial Investment and Holdings Limited (RIIHL), has picked up majority stakes in two companies, Grab A Grub Services and C-Square Info Solutions, the petroleum-to-retail-to-telecommunications conglomerate announced on Saturday. In two separate filings made...

Tokyo-headquartered “M3 Inc has announced the acquisition of shares and consolidation of DailyRounds, Inc. (a US holding company…), which provides mobile applications and web services for doctors and medical students in India,” according to a company press release (PDF) . AZB & Partners advised...

A joint venture company to be created of the Kho Kho and Sports Promotion Trust according to ET and The Hindu.

AZB & Partners advised Kho Kho Sports League Private Limited led by a team of partner Sachin Mehta, and associates Shivranjani Ralawata and Utsav Agarwal.

2018-12-19

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Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, on Friday announced that it has invested approximately $72.1 million (Rs 500 crore) for a significant minority stake in Seven Islands Shipping Ltd. — Dealstreetasia AZB & Partners advised FIH Mauritius Inve...

Tata Teleservices (TTSL), the mobility division of Tata Sons, will pay American Tower Corporation (ATC) $320 million (Rs 2400 crore) as a one-time cash settlement for prematurely winding up some 30,000-odd tenancies after deciding to sell its mobility business to Bharti Airtel. Tata Tele will also s...

In a bid to diversify its business from hotel to co-working spaces, OYO has announced the acquisition of Innov8, a co-working space provider for ₹220 crore. The investors of Innov8 have taken an exit after the deal. Post-purchase, the founder of Innov8 Ritesh Malik will continue to expand Innov8 und...

Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said people aware of the matter. The fund has bought a 6.5 acre parcel in Hyderabad w...

GMR Group-controlled Delhi International Airport Ltd (DIAL) has awarded 9 lakh sq.m of land at Aerocity in the capital to Bharti Realty for development, the company said in a statement on Wednesday. — Mint AZB & Partners advised Bharti Realty Limited led by a team of partners Hardeep Sachdeva a...

Private equity player Everstone will sell its 70% stake in Rubicon Research for around ₹1,000 crore, which will fetch more than four times return on the initial investment. — Mint AZB & Partners advised Rubicon Research Private Limited , its promoters (Parag Sancheti and his family), and an exi...