Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain that is popular in Bangalore, for Rs 40.79 cr in cash. — Ultra.News Desai & Diwanji advised Future Retail Limited led by a team of partner Siddharth Mody , senior associate Rahul Deodhar , and associates Prerana Cha...

Haldirams Ltd and its promoters acquired Everstone Capital-backed Pan India Food Solutions Ltd (PIFS) along with various popular food brands owned by PIFS, such as Gelato Italiano, Coffee Bean & Tea Leaf and Spaghetti Kitchen, according to reports . Shardul Amarchand Mangaldas & Co Kolkata...

Dvara KGFS (formerly IFMR Rural Channels and Services), an NBFC under Dvara Trust that caters to rural towns across India, on Tuesday announced that it acquired Varam Capital Private Limited a NBFC – MFI. ET . Agraa Legal partner Abhijit Atur advised Varam Capital Private Limited and its promoters. ...

JSW Steel Tuesday went procedurally a step closer to acquiring an asset in bankruptcy-induced ownership change after the administrator overseeing the sale of Bhushan Power and Steel issued a letter of intent (LoI) in favour of India’s biggest maker of the alloy. JSW Steel had made a Rs 19,650-crore ...

Japanese heating, ventilation, and air conditioning (HVAC) major Shinryo Corporation Wednesday announced the acquisition of Suvidha Engineers India Pvt Ltd for an undisclosed sum. The deal has been concluded and signed recently. — The Economic Times Trilegal advised Shinryo Corporation led by a team...

Crowdanalytix raised raised $40 million in a strategic investment from Macnica, a subsidiary of Tokyo electronics firm Macnica Fuji Electronics Holdings, according to reports . Trilegal advised Macnica Inc led by a team of partner Charandeep Kaur ; counsel Clarence Anthony ; senior associate Harshit...

IIFL Asset Management Ltd has invested in a craft-beer maker, marking the firm’s debut deal in the alcoholic beverages segment, two people privy to the development told VCCircle. — IIFL Asset Management Desai & Diwanji advised White Owl Brewery Private Limited led by a team of partner Aneesh Gu...

Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the previously announced acquisition of ABC Bearings Ltd, a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India...

IIFL Wealth Management, a subsidiary of IIFL Holdings, has issued nearly 44.90 lakh shares to a set of financial investors to raise Rs 745.71 crore by selling 5.1 percent stake. The shares were issued by the wealth management arm of IIFL Holdings to WF Asian Reconnaissance Fund, Rimco (Mauritius) Li...

Amansa Capital has acquired a minority stake in Jana Small Finance Bank (formerly known as Janalakshmi Financial Services), a small finance bank registered with the Reserve Bank of India. Jana Small Finance Bank is one of India’s largest microfinance and small finance bank. L&L Partners advised...

TR Capital and Hong Kong-based hedge fund Steadview Capital have undertaken a large secondary deal in Lenskart Solutions, marking the second such transaction in the company in the last five months. Apart from Steadview Capital, the transaction, estimated at $70-75 million, has also seen the entry of...

Power firm Adani Transmission (India) Ltd has signed an agreement to buy entire stake in KEC International Ltd’s Rajasthan-based power transmission arm at an enterprise value of ₹ 227.5 crore. “We would like to inform that the company has signed share purchase agreement with KEC International Ltd on...

Germany-based Siemens … said its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. — Firstpost Desai & Diwanji advised Siemens Project Ventures GmbH led by a team of partner Aneesh Gupte , senior a...

India-bred private equity firm Chrys Capital is set to buy 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week. — Business Standard Desai & Diwanji advised GIC , the sovereign wealth ...

FirstMeridian acquired Innovsource Services Private Limited, Innovsource Facilities Private Limited and Innovsource Securities Private Limited from Innovsource Private Limited and other promoters, according to reports . L&L Partners advised FirstMeridian Business Services Private Limited (backe...

FirstMeridian acquired V5 Global Services Private Limited, and its wholly owned subsidiary Infield Infotech Private Limited, from its existing shareholders including Specvision Holding Pte. Ltd. Singapore and Satya Prasan Rajguru, according to reports . L&L Partners advised FirstMeridian Busine...

FirstMeridian has acquired Affluent Global Services Private Limited and its wholly owned subsidiary Linktag Global Services Private Limited from its existing shareholders, including Start 2 Scale Venture LLP, Seedthree Trading LLP and Sudhakar Balakrishnan, according to reports . L&L Partners a...

India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it has invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment proceeds will be used to repay debt, offer capital investment to optimize output...

Security services provider Security and Intelligence Services (SIS) on Monday announced the acquisition of majority stake of Bengaluru-based Uniq Detective and Security Services. — Business Standard MD&T Partners advised Security And Intelligence Services India Ltd led by a team of partner PV S...

Last April, Shell India had sold a 8.5% stake in MGL. A further 14% stake was sold in August, thus reducing its stake in the company from 32.5% to 10%. — Mint Desai & Diwanji advised BG Asia Pacific Holdings Pte Ltd (i.e. Shell ) led by a team of partner Natasha Treasurywala and associate Shrey...