Kotak Realty Fund has formed a partnership with Bengaluru-based DivyaSree Developers to start a $400 million fund that will develop and acquire commercial office assets across India. The India Office Assets Fund I is anchored by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA). ...

DLF Ltd has formed a second joint venture with global investment and development firm Hines to develop a commercial project in Udyog Vihar, Gurugram, at an investment of ₹1,900 crore, India’s largest developer said on Tuesday. — Mint AZB & Partners advised DLF Home Developers Limited led by a t...

American private equity firm Warburg Pincus said on Saturday that it had entered into definitive agreement to acquire 80% stake in Avanse Financial Services Ltd from Wadhavan Global Capital group, the PE firm said in a statement. — Mint AZB & Partners advised Warburg Pincus LLC led by a team of...

Online daily fantasy startup HalaPlay has raised Rs 40 crore Series A funding in a round led by Nazara Technologies, and Delta Corp India, two veterans in the Indian gaming world. According to a press statement shared by Nazara, the company has been looking at different opportunities in the interact...

A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastru...

Reliance Industries Thursday said it has leased 4,000 acres of land from Navi Mumbai SEZ (NMSEZ) for an initial payment of Rs 2,180 crore to develop a global economic hub. NMSEZ, as part of a tender process was allotted this land in 2006 to develop a world class SEZ. — The Economic Times AZB & ...

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has signed an agreement to invest more than ₹1,800 crore ($250 million) in ECL Finance Ltd, the non-banking financial company (NBFC) of Edelweiss Group said on Tuesday. — Mint AZB & Partners advised ECL Finance Limited led by a...

3M Co. has completed the $1 billion acquisition of M Modal’s technology business, officials announced… — Startribune AZB & Partners advised New MMI Holdings Inc ( M Modal ) led by a team of partner Srinath Dasari , and associates Veena Gopalakrishnan , Malaveeka Chakravarthy , Nishanth Ravindra...

Delta Corp., India’s only listed gaming and hospitality company, listed on Bombay Stock Exchange (BSE) as “DELTACORP” has announced through a regulatory filing on BSE that it has invested $10 million in Jalesh Cruises Mauritius Ltd. (JCML) through its subsidiary Gaussian Software Pvt. Ltd. — Gutshot...

Mahindra CIE Automotive … completed the acquisition of Aurangabad Electricals for Rs 830 crore. — Moneycontrol AZB & Partners advised Mahindra CIE Automotive Limited led by a team of partners Srinath Dasari , and associates Gautam Rego Samyuktha Santhosh. Crawford Bayley acted for the promoters...

Chennai-based real estate developer Casagrand Builder Pvt. Ltd has agreed to sell 2.2 million sq. ft of pre-leased warehousing assets of its subsidiary, Casa Grande Distripark Pvt. Ltd (CGD), to Asia Pacific logistics property specialist LOGOS, both the companies said on Monday. — Mint AZB & Pa...

Thomas Cook India Group announced its acquisition of a 51% stake in Digiphoto Entertainment Imaging (DEI) at an enterprise value of $40.6 million (Rs 289 crore). Thomas Cook said the transaction is subject to regulatory approvals and customary closing conditions. — The Economic Times AZB & Part...

International Finance Corporation, the private-sector investment arm of the World Bank, plans to make a debt investment of up to Rs 106 crore ($15 million) in Hyderabad-based Dodla Dairy Ltd, it said in a disclosure. — VCCircle AZB & Partners advised International Finance Corporation (IFC) led ...

Acquisition by Eagle View Technologies Inc and its related entities of 100% of the shareholding of the APMSE Software Services Private Limited from CentralSquare Technologies. AZB & Partners advised CentralSquare Technologies led by a team of partners Ashwath Rau , Anu Tiwari , and associates J...

Tata Steel Ltd has agreed to sell most of its steel business in South-East Asia to China’s state-owned HBIS Group as the Indian steel maker continues efforts to trim its massive debt and focus on its fast-growing home market. — Mint AZB & Partners advised TS Global Holdings Pte Ltd ( Tata Steel...

Tata Cleantech Capital (TCCL), a joint venture between Tata Capital and the International Finance Corporation (IFC), said it has raised Rs 180 crore through its maiden five-year green bond from Netherlands-based development bank, FMO. — Hindu Business Line AZB & Partners advised Nederlandse Fin...

SoftBank is set to invest $400 million for an over 40% stake in BrainBees Solutions, which owns and operates omni-channel baby and mother care product retailer FirstCry, according to three people aware of the development. The Tokyo-headquartered investment giant, which has been scouting for fresh in...

Bain Capital has acquired a majority stake in US-based digital technology consulting and solutions firm Brillio, in a control transaction that was led by the private equity firm’s India team. — VCCircle AZB & Partners advised Bain Capital led by a team of partners Nandita Govind , Anisha Shridh...

Manipal Education and Medical Group chairman Ranjan Pai and Centrum Group have invested around Rs 300 crore in Jana Small Finance Bank, giving the Bengaluru-headquartered firm further ammunition to fight out rivals and scale up its business. The investment round valued Jana, formerly Janalakshmi Fin...

Online car platform CarDekho on Thursday said it has raised $110 million in a Series C funding round from existing investors Sequoia India, Hillhouse Capital, Alphabet’s growth investment arm Capital G and Axis Bank. The investment values CarDekho at $400-500 million, the company said in an email re...