“Mawana Sugars Ltd has entered into a definitive agreement to sell its non-core business to Bodal Chemicals Ltd, another publicly listed company. Mawana Sugars said it is selling the Punjab-based Siel Chemical Complex in a slump sale for Rs 137 crore (nearly $18.8 million).”, as per the reports by t...

“Accenture said Wednesday it has acquired Core Compete, a cloud analytics services firm headquartered in Durham, North Carolina, with additional offices in the UK and India.”, as reported by Business Standard . Further, the press release by Accenture stated: “Core Compete’s approach to cloud analyti...

“Prabhat Dairy [was] delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares.”, reported Business Standard . J Sagar Associate...

L&L Partners star Delhi-based corporate partner, Sundeep Dudeja, passed away earlier today after a prolonged battle with Covid-19.

D esai & Diwanji has promoted four to partner and 10 to associate partner in its Mumbai office. The following four were promoted to partner: Pinky Patel (Litigation, 1998 LLB) Dhanyashree Jadeja (Litigation, 2008 LLB) Farida Dholkawala (Corporate, 2010 LLB) Rahul Chauhan (Project Finance, 2009 ...

Cyril Amarchand Mangaldas has promoted 23 of its fee-earners to partner, reported Bar & Bench.

Against the backdrop of Brexit and vaccine diplomacy the United Kingdom and India yesterday agreed to a deal to increase investments by $1.39bn and to work on a longer-term bilateral free trade deal between the countries (dubbed an “Enhanced Trade Partnership”), as widely reported.

“Stealth mode edtech startup Crejo.Fun has secured ₹22 crore in pre-seed funding from Matrix Partners India and Flipkart co-founder Binny Bansal-backed venture capital firm 021 Capital, two people briefed on the deal told VCCircle,” as per the reports by Mint Rajaram Legal advised Matrix Partners In...

“Piramal Capital and Housing Finance Ltd (PCHFL), a subsidiary of Piramal Enterprises Limited, has mobilised close to Rs 2,500 crore funds from banks like State Bank of India, Union Bank, Indian Bank, and other corporate investors to integrate Dewan Housing acquisition and also to expand into retail...

“Nykaa Fashion, the fashion e-commerce platform of Nykaa, on Monday announced the acquisition of online jewellery brand Pipa Bella.”, reported Mint . Post acquisition, Pipa Bella is expected to continue operating independently through its own website as well as extend its products to the Nykaa Fashi...

“Digital health firm ABCD Technologies LLP, which counts top Indian drug makers as investors, has agreed to fully acquire Pharmarack, a healthtech platform that lets businesses automate sales and operations.”, reported the VC Circle . ABCD, now to be renamed as IndoHealth Services, is set to acquire...

“Augmented reality technology startup PlayShifu raised Series B funding of $17 million from Inventus Capital India with Inflexor Ventures joining as a new investor. Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in this round”, as per the report by YourStory . Desai...

“State-owned Bharat Petroleum Corporation (BPCL) is likely to sell up to 8.68 crore shares, or 4 per cent of the company equity, through a block deal… The company, according to bankers, has set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday’s closing price of Rs 467.”, reported...

Gautam Narasimhan to co-lead A&O Singapore office A llen & Overy (A&O) has appointed partner Gautam Narasimhan , a 2000 NLSIU Bangalore graduate who had spent his entire career abroad, as the co-head of its Singapore office. According to a press release from Allen & Over, he took...

IndusLaw has added yet another lateral hire partner with employment law principal associate Vaibhav Bhardwaj joining the firm in Delhi.

Economic Laws Practice (ELP) has hired AZB & Partners counsel Vinay Butani as a partner in its corporate commercial practice, while promoting 17 others into senior non-equity-partner-equivalent roles.

IC Universal Legal last week opened an office in the Gujarat International Finance Tec-City (GIFT), with Cyril Amarchand Mangaldas, hot-on-its-heels, announcing today that it had also done so.

Khaitan & Co has internally rolled out a set of guidelines to improve staff and fee-earners’ well-being as the pandemic has caused turnovers and workloads to grow, while traditional physical office support networks and the ability to switch off have largely disappeared for many.

The Bangalore head of Nishith Desai Associates’ office, Parag Srivastava, has joined has joined Rajaram Legal in the city as its third partner there.

IndusLaw’s capital markets team, which had been poached nearly lock-stock-and-barrel from L&L Partners in 2019, has won its highest-profile mandate to date in its role for the banks on the upcoming and eagerly-awaited Zomato initial public offering (IPO).