Niyogin Fintech, which provides platform for collateral free credit to MSME’s, Saturday said it has acquired 50.1 per cent stake in Moneyfront for Rs 12 crore. — Moneycontrol Lex Consult advised Niyogin Fintech Limited led by a team of partners Majid Siddiqi and Naresh Pareek . 2018-09-08 Deal value...

Through its subsidiary SIS Group International Holdings, Security & Intelligence Services India announced that its subsidiary, SIS Group International Holdings, on 25 January 2019 has signed definitive agreements to acquire initially 60% shareholding in Henderson Security Services and Henderson...

Homegrown private equity firm Carpediem Advisors Pvt. Ltd has led a Series A investment round of $7 million (Rs 51 crore) in online fashion jewellery brand Sukkhi Online Pvt. Ltd. — VCCircle Lex Consult advised Sukkhi Online Private Limited led by a team of partners Naresh Pareek and Majid Siddiqi ....

Our M&A and private equity / VC corporate law firm league tables - which we launched in December of last year and have been working on for a long time - are nearly finalised for the financial year 2018-19 (running from 1 April 2018 to 31 March 2019).

Enterprise Holdings acquired Deem Inc. globally and upon the final acquisition the transaction is expected to provide Deem with an infusion of capital and resources to help further expand its product roadmap and increase the pace of product development and enhancements. Deem Inc is present in India ...

Emerson Electric acquired iSolutions Inc. (a Canadian-based consulting group) and its global operations. The transaction also involved the acquisition of iSolution’s Indian subisidiary, according to reports . L&L Partners advised Emerson Electric led by a team of partners William Vivian John , ...

Cotiviti Holdings, Inc. COTV (“Cotiviti”), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry, and Verscend Technologies, Inc. (“Verscend”), a portfolio company of Veritas Capital (“Veritas”) and a leader in data-driven healthcare solut...

Emerson… signed an agreement to purchase the Tools and Test Equipment (Tools & Test) business of Textron for $810 million. Tools & Test is a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly re...

After venturing into football, wrestling and kabaddi, JSW Sports, a unit of Sajjan Jindal-owned JSW Group, on Friday said it will acquire a 50% stake in GMR Group-owned Indian Premiere League (IPL) franchise Delhi Daredevils for an undisclosed sum. — Mint L&L Partners advised JSW Sports Private...

IBM is making a big move to bring more software developers under its wing by acquiring Red Hat, the largest distributor of the popular open-source operating system Linux, for $34 billion. — New York Times The deal included Red Hat’s India subsidiary, Red Hat India Private Ltd. L&L Partners advi...

In a major move by consultancies in the global legal markets, Big 4 consultant EY has gobbled up legal process outsourcer (LPO) Pangea3 from Thomson Reuters, which had bought the then-India-headquartered LPO in 2010 for up to $40m from its founders.

Delhi-based fleet management startup BT TechLabs, the parent company of LocoNav, has raised $4 Mn (INR 28 Cr) in a Series B round of funding. According to the Ministry of Corporate Affairs filings, the investment has come in from the company’s existing investor Sequoia Capital in two tranches from J...

Tibco Software Inc., a Palo Alto, CA-based provider of integration, API management, and analytics solutions, acquired SnappyData, an Indian high performance, in-memory data platform provider. — Finsmes Khaitan & Co advised TIBCO Software HK Ltd led by a team of counsel Stuti Galiya with assista...

HCC Concessions Ltd (in which Company, through wholly owned subsidiary HCC Infrastructure Company Limited, holds 85.45%), being the infrastructure development arm of the HCC Group, has executed a definitive agreement in respect of 100% stake sale of Farakka-Raiganj Highways Ltd (FRHL), its concessio...

In a landmark decision, India’s bankruptcy appeals court ruled that the insolvency resolution process should aim to extract the maximum value from auctions of stressed assets as it approved UltraTech Cement Ltd’s revised ₹ 7,900 crore bid to acquire debt-laden Binani Cement Ltd. — Mint L&L Part...

Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. The acquisition will be undertaken through a series of transactions, including ...

Lenders have voted to take an offer from Royale Partners, a Dubai-based fund, for EPC Constructions India Ltd (earlier known as Essar Projects India Ltd), which was sent to the National Company Law Tribunal (NCLT) for debt resolution. A conditional offer by ArcelorMittal was rejected. — Business Sta...

Fortis Healthcare … said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 cro...

National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by the Committee of Creditors of Vardhman Industries Limited (VIL), which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, ac...

New Delhi: Reliance Infrastructure on Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RI...