Wipro said it has completed divestment of data centre operations to Ensono in India for $6 million on September 30. Wipro acquired hosted data centre business from Infocrossing over a decade ago. — The Economic Times

IndusLaw advised Wipro.

2018-10-02

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Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay segment. The deal, negotiations for which were kicked off in October ...

Health and fitness startup Cure Fit Healthcare Pvt. Ltd, founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, will merge its fitness brand Cult.fit with premium chain Fitness First India as it seeks to shore up revenues for its well-funded platform. — VCCircle Indus...

“Hüttenes-Albertus Chemische Werke GmbH (HA) announced it has increased its stake in its longstanding Indian joint venture Gargi Hüttenes-Albertus Private Limited (Gargi HA) from 40% to 74%. HA´s co-shareholder in Gargi HA, the Kapur family, will remain a strong minority shareholder with 26%. The Ka...

Piramal Enterprises Limited and Ivanhoe Cambridge have announced an equity investment of Rs 500 crore for development of Palava, a smart city being developed by Lodha Group, located in the Mumbai Metropolitan Region. — Moneycontrol Veritas Legal advised Lodha Developers Limited led by a team of part...

Finnish packaging firm Huhtamaki has entered the growing foodservice packaging market in India by acquiring 51 percent of Val Pack Solutions Private Limited, a privately held paper cup manufacturer based in Mumbai, for approximately Euro 2 million (about Rs 15 crores). The business will become part ...

Online fashion and beauty products retailer Nykaa has raised $14.4 million from private equity firm TPG Growth Capital, documents sourced from business intelligence platform Paper.vc showed. — Mint Veritas Legal advised TPG Growth IV SF Pte Ltd led by a team of partner Nandish Vyas , senior associat...

Asia Healthcare Holdings, the platform backed by TPG Growth and Temasek Holdings, is all set to acquire Nova IVI Fertility, in a deal said to be worth $100 million, ET first reported, — The Economic Times Veritas Legal advised TPG and Asia Healthcare Holdings (AHH) led by a team of partner Nandish V...

Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, announced today the completion of the acquisition of a majority stake in Crest Cellulose, from Pravesha Industries, a major Pharma packaging company in India. — Roquette Veritas Legal advised Roquette Frères...

Singapore’s sovereign wealth fund GIC has acquired a ‘significant minority’ stake in Provenance Land for an undisclosed amount, the realty firm said. GIC had in December last year bought 33.34 per stake in DLF’s rental arm DLF Cyber City Developers Ltd (DCCDL) for about Rs 9,000 crore. — The Economi...

AGS Transact Technologies Ltd’s promoters will buy back shares from private equity investors TPG Growth and Actis as the payments solution provider’s initial public offering (IPO) plans continue to be on the backburner, two people aware of the development said. — Mint Veritas Legal advised TPG STAR ...

Organic products company Suminter India Organics Pvt. Ltd, which has previously raised funds from venture capital firm Nexus Venture Partners, has raised an undisclosed sum from responsAbility Investments AG’s private equity arm. The terms of the latest deal were not disclosed, but responsAbility ty...

Epiq Capital, the firm founded by former venture capitalist Rishi Navani, has closed its […] investments in […] NestAway Technologies Private Limited. — Business Standard Veritas Legal advised Epiq Capital Management LLC led by a team of partner Tushar Raut , associate Devesh Saboo . Also advising w...

Captain Zack, a pet grooming startup owned by EM Personal Care has secured $1.5 million in Pre-Series A round. The Mumbai-based startup plans to use the newly funds in marketing and brand awareness. — The Economic Times Veritas Legal advised Apar Corporation Private Limited led by a team of partner ...

Global PayEx … announced strategic investment by banking and financial services provider JP Morgan that will help the latter’s clients experience clearer electronic invoice presentation and quicker reconciliation. It offers a cloud based platform, Freepay, to facilitate electronic sharing of invoice...

Mirae Asset has invested around $35 million into ANI Technologies Private Limited, which operates ride-sharing and taxi services company Ola in its ongoing Series J round, that had also seen participation from Hyundai Motors and Kia Motors, according to reports . J Sagar Associates (JSA) advised Mir...

Cyril Amarchand Mangaldas has hired Khaitan & Co real estate partner Abhishek Sharma to co-head its real estate practice from Mumbai.

PDS Legal partner Tarun Gulati, who had joined in 2013 from Economic Laws Practice (ELP), has been designated senior counsel by the Allahabad high court, as part of a mammoth round of 75 new senior advocates.

Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in Indian Energy Limited (IEL) at a price of ₹364 million (~$5.545 million). — Mercomindia

IndusLaw advised Renew.

2018-05-01

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Home rental start-up NestAway Technologies Pvt. Ltd has acquired smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount, a move that will help NestAway expand its offerings for families, the company said on Sunday. — Mint

IndusLaw advised Zenify.

2017-05-08

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