Google has picked up a significant minority stake in hyper-local concierge and delivery player Dunzo, its first direct investment in an Indian startup underlining how the global search giant is quietly getting into an investment mode in the country. Google led a $12-million investment in the Bengalu...

Dana Incorporated proposed acquiring the drive systems segment of the Oerlikon Group, a global manufacturer, including manufacturing facilities in India, for approximately US$600 million, according to reports . S&R Associates advised Dana Incorporated led by a team of partners Rajat Sethi and R...

Advised Spicer Gellenkwellenbau GmbH, a Dana Incorporated company, in the sale of 26.03% of the share capital of Hindustan Hardy Spicer Limited, a listed company, to its joint venture partner XLO India , according to a stock exchange filing . S&R Associates advised Spicer Gellenkwellenbau GmbH ...

Hong Kong-based school chain Nord Anglia Education Inc. has entered India by acquiring People Combine Education India Initiatives Ltd’s schools under the Oakridge International brand. — VCCircle Platinum Partners advised People Combine Group and its promoters led by a team of partner Ankit Majmudar ...

Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus (EIYP) fund, will acquire two operating power transmission assets from Essel Infraprojects Ltd- namely Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited. Sekura is also set to acquire Warora-Kurnool Transmi...

A consortium of private equity investors led by CX Partners has acquired “significant equity ownership” of Ahmedabad-based Veeda Clinical Research for an undisclosed amount. — Dealstreetasia Platinum Partners advised CX Partners led by a team of partner Ankit Majmudar , partner Abhik Ghosh , associa...

Teva Pharmaceutical Industries has announced that Teva and the Procter & Gamble Company [NYSE: PG] have agreed to terminate the PGT Healthcare partnership that the two companies established in 2011 to market OTC (Over The Counter) medicines. The separation is planned to take effect July 1, 2018...

[lodging products, physical access systems company] dormakaba and the Indian partners have agreed to divide their existing shareholding in Dorset Kaba among them as per agreed terms, thus dissolving the joint venture that was initiated by former Kaba Group in 2007 to gain a foothold in the attractiv...

Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, and AfricInvest, a leading pan-African mid-cap-focused private equity firm, have partnered for the first time to provide a US$ 51 million structured loan and equity investment to iSON Xperiences (...

Consumer durables firm Bajaj Electricals has entered into an agreement to acquire the entire stake in non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash. Subsequent to the acquisition, Nirlep will become a wholly-owned subsidiary of Bajaj Electricals. — Hindu Business Line J Sagar...

Nasdaq-listed MakeMyTrip Ltd (MMYT) has announced a change in the company’s shareholding as Naspers and Ctrip International have entered into a share exchange transaction agreement. Naspers will exchange its entire shareholding in MakeMyTrip for newly issued shares of Ctrip and Ctrip will acquire Na...

Aarti Industries Limited has proposed restructuring of its manufacturing and trading business by way of a composite scheme of arrangement. As part of the restructuring exercise, Aarti Industries Limited will transfer by its ‘Home and Personal Care Undertaking’ to a newly formed entity whose shares w...

Singapore Telecommunications (Singtel) has concluded its Rs 2,649 crore investment in Bharti Telecom, taking its total stake (including affiliates) in the holding company of Bharti Airtel to 48.90% from earlier 47.17%. Following the investment, Bharti Enterprises will continue to own 50.1% of Bharti...

Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in...

Security and Intelligence Services India has signed definitive agreements to acquire initially 80 per cent shareholding in Rare Hospitality and Services Private Limited. The acquisition would help the company increase its market share in facilities management services, and also increase its presence...

Redkite Capital Private Limited (Redkite Capital) and SSG’s India Opportunities III Pte Limited (SSG), a SEBI registered Foreign Portfolio Investor, acquired a controlling stake in Tourism Finance Corporation of India (TFCI), a listed Non-banking Financial Company (NBFC), according to a SEBI filing ...

“Nasdaq-listed Make-MyTrip has picked up a majority stake in internet-based corporate travel management company Quest2Travel (Q2T), the Gurgaon-based online travel major said on Tuesday, without disclosing the financial terms of the deal,” reported ET . Desai & Diwanji advised Quest2Travel .com...

Venture Capital investment by Fosun RZ Capital in Kredily, according to reports . [Fosun International] has also backed … Bengaluru-based Kredily, a software-as-a-service based human resources management tool that also works with SMEs. — The Economic Times Desai & Diwanji advised Fosun RZ Capit...

Aircel’s lenders are said to have approved a proposal of takeover from UV Asset Reconstruction Company (UVARCL), ending a year-long debt resolution process that was the first of its kind in the telecom sector. While the bankrupt operator may have narrowly escaped liquidation, its financial creditors...

Pune-based agro-tech startup AgroStar has raised $27 million in Series C funds to scale up operations and strengthen its technology platform. The funding round was led by Bertelsmann India along with its existing investors Accel, Chirate Ventures and Aavishkar Bharat Fund. — The Economic Times J Sag...