JM Financial Credit Solutions Limited, a non-banking financial company, has made four loan transactions with the Paramount Group. KNM & Partners advised JM Financial led by a team of senior partner Rakesh Gupta ; principal associate Tanuj Hazari . This deal has not been reported by any mainstre...

A 17.47% equity stake held by GTI Capital Beta Pvt Ltd, Mauritius in Sandhar Technologies Limited, was sold via a public offering of equity shares made by Sandhar, with 6.4m equity shares by GTI Capital in the company to Akash Manek Bhanshali in a pre-IPO trade. KNM & Partners advised GTI Capit...

Parsvnath Developers Limited sold foreign investors’ shareholding from an Exotica, Ghaziabad project: Anuradha SA Investments LLC and Anuradha Ventures Limited had invested in Parsvnath Buildwell Private Limited, the SPV formed for undertaking the Exotica, Ghaziabad project in 2010. KNM & Partn...

LSO Subco No. 4 Company and LREF Subco No. 4 (the investors), have sold their shareholding in Kumar Builders Township Ventures Private Limited, which is engaged in the business of development of a special economic zone on land of 27 acres situated at Hinjewadi, Pune. The investors had invested in th...

“Vodafone Idea Ltd, India’s largest telecommunications company by subscribers, is selling $3.6 billion worth of shares in a rights issue at a discount of about 60 percent, which will more than triple its outstanding shares,” reported Reuters . S&R Associates advised the issuer, Vodafone Idea Li...

“CPP Group PLC said … it invested GBP2 million into Indian business process management firm Globiva, with a commitment to further support Globiva’s growth plans,” reported Morningstar . KNM & Partners advised Globiva Services Private Limited led by a team of senior partners Mukesh Kumar and Muk...

“NEW DELHI: Rebel Foods, owneroperator of internet kitchen brand Faasos, is in talks with investors to raise a little over $100 million (Rs 735 crore), as it looks to enter overseas markets and expand both its product range and cloud kitchen presence nationally, three people aware of the development...

“OnEMI Technology Solutions Pvt. Ltd, which runs digital lending startup Kissht, has raised Series C funding from investors led by Vertex Ventures Southeast Asia & India and Sistema Asia Fund,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Sistema Asia Fund Pte. Ltd. led by ...

“After forming a commercial properties platform with Indiabulls Real Estate, US-based private equity major Blackstone Group has acquired the realty developer’s Chennai commercial asset One Indiabulls Park for around Rs 900 crore on outright basis, said two persons with direct information of the deve...

“Security & Intelligence Services India announced a strategic partnership with SLV Security Services (SLV), headquartered in Gurgaon, whereby it would take a 51% stake in SLV,” reported Business Standard . Shardul Amarchand Mangaldas & Co advised SLV Security Services Private Limited and i...

“Insulated panels maker Jindal Mectec and Ireland-based Kingspan has announced formation of a joint venture (JV) in India. The expertise and modern engineering practices of Kingspan Insulated Panels will be used to make new products to cater to the growing demand of the customers, he said at a press...

“Westbridge Capital, an India-focussed investment fund, has picked up a controlling stake of about 65% in salon chain, Enrich, buying out JM Financial’s private equity fund, the sole institutional investor in the company. The Rs 150 crore raise by Enrich Salons & Academy, will be through a mix ...

“Digital payments company Paytm has launched domestic hotel bookings on its platform and has acquired last-minute hotel bookings app Nightstay to expand its travel business,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised PayTM , owned by One97 Communications Limited , led by a te...

Italian company Domino “reached an important agreement with the Indian group Napino Auto & Electronics Ltd for the creation of a joint venture to produce electronical and electromechanical components for the 2-wheel and 3-wheel Asian market,” according to a Domino press release . Alpha Partners...

“The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law,” reported Hindu Business Line . Update 05 June 2019 : The deal was approved by the National Comp...

Seth Dua & Associates co-founder Atul Dua, who in 2017 became partner at Advaita Legal - the best-friend law firm of Big 4 consultancy KPMG - is set to leave the firm, we have learned from authoritative sources.

“Mumbai-based mid-market private equity firm Gaja Capital has made its second bet on the edtech market as it has reportedly acquired a significant minority stake in sports education and training company KOOH Sports for $10.17 Mn (INR 75 Cr),” reported Inc42 . L&L Partners advised Gaja Capital w...

“The retail unit of Reliance Industries has acquired mid-segment menswear brand John Players from ITC Ltd. This will add Rs 350 crore to Reliance Retail’s value fashion business carried out through Reliance Trends and Ajio.com, said people with knowledge of the matter,” reported The Economic Times a...

“Sapphire Foods, the largest franchisee of Yum! Brands Inc. in the Indian subcontinent, has raised ₹ 225 crore in a fresh round of funding led by Edelweiss Private Equity, said a senior executive of the company. Existing investor Goldman Sachs, too, participated in the round, said Sanjay Purohit, gr...

“In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name or deal value,” reported Mint . KNM & Partners advised India Bulls led by a team of senior partners Mukesh Kumar and Rakesh Gupta , and associate P K Shahi . ...