“Reliance Brands pipped FirstCry.com to acquire the rights to operate stores of UK-based kids products company Mothercare in India. The deal will give the unit of Reliance Industries control over all Mothercare outlets currently run by DLF Brands, according to three people aware of the matter,” repo...

“Buyout firm Bain Capital has reached an agreement to buy pharmaceutical joint-venture of Dutch chemicals firm Royal DSM NV and China’s Sinochem Group,” reported Bloomberg . “Singapore-based DSP develops and sells antibiotics, statins and anti-fungals as well as pharmaceutical ingredients, according...

“Reliance Industries (RIL) will acquire Nasdaq-listed telecom solutions provider Radisys Corp. for about $75 million (Rs 510 crore ) in cash, for a further push into Internet of Things (IoT) and 5G through its telecom arm, Reliance Jio Infocomm,” reported The Economic Times . AZB & Partners adv...

“First Meridian, an HR investment platform of private equity firm Samara Capital, Goldman Sachs and Janchor Partners, has made its first acquisitions of staffing firms Innovsource Services and V5 Global Services for an undisclosed amount, Manish Mehta, managing director of the PE company, told VCCir...

“A recent amendment to India’s bankruptcy law has helped billionaire Mukesh Ambani’s Reliance Industries Ltd win approval from a lenders panel on a ₹5,050-crore resolution plan it had submitted jointly with JM Financial Asset Reconstruction Co Ltd for the debt-laden textile company Alok Industries L...

“Sterlite Technologies on Friday said that one of its subsidiaries will acquire Metallurgica Bresciana, a European specialised optical cable manufacturer, for €47 million in an all-cash deal,” reported Hindu Business Line . AZB & Partners advised Sterlite Technologies Limited and Sterlite Italy...

“United Motors Lanka PLC (UML) yesterday announced that it sold its entire stake in TVS Lanka (Private) Limited to the TVS parent company in India for Rs 1 billion. In a filing to the Colombo Stock Exchange, UML said it sold 17.5 million shares in TVS Lanka, representing a 50 percent stake, to TV Su...

“Sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority (ADIA) will invest a combined $450 million (around Rs3,000 crore) in Greenko Energy Holdings in one of the largest funding rounds by an Indian clean energy producer,” reported Mint . AZB & Partners advised GIC and i...

“Hospitality firm OYO today said it has acquired wedding banquet company Weddingz.in for an undisclosed amount,” reported New Indian Express . AZB & Partners advised OYO Rooms (operated by Oravel Stays Private Limited ) led by a team of partner Niladri Maulik and lawyers Siddharth Khanna , Niki...

“Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount. Reliance has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (al...

“Promoters of Kotak Mahindra Bank, led by MD & CEO Uday Kotak, reduced their stake in the private sector lender to 19.7 per cent after the bank issued preference shares worth Rs 5 billion to investors. Before the issue, promoters held 30.03 per cent in the bank,” reported Business Standard . AZ...

“Cisco has said it will buy California and Bengaluru based July Systems, a mobile application platform provider. This move will help Cisco bolster its enterprise Wi-Fi platform to enable better indoor location services capabilities, among other offerings,” reported The Economic Times . AZB & Pa...

“Omni-channel nutrition platform HealthKart has raised USD 25 million (over Rs 174 crore) from investment firm Sofina in a fresh round of funding. The company will use the funds to expand its offline store network, develop additional direct-to-consumer nutrition brands and strengthen its vertical in...

“Edtech startup Classplus has raised $1.6 million in its pre-series A funding round led by Times Internet and GREE Ventures. Times Internet is owned by BCCL, which publishes this newspaper,” reported The Economic Times . Link Legal India Law Services advised Classplus (owned by Bunch Microtechnologi...

“SPi Global, a Philippines-based content technology and solutions enterprise on Tuesday, said it has acquired Chennai-headquartered Scope e-Knowledge Center for an undisclosed sum. Scope is one of the five businesses under the umbrella of the Quatrro group of companies, largely focused on services a...

The deal pertains to FW Asset Management’s acquisition of Wildcraft India Private Limited, according to reports . “Asia-focussed technology, media, and entertainment fund FidelisWorld has invested an undisclosed amount in Bengaluru-based Wildcraft, an outdoor gear, apparel, and footwear brand in the...

“Private equity firm TPG said on Tuesday it has led a $100 million (Rs 685 crore) investment round in Five Star Business Finance Ltd, which makes loans primarily to small and medium businesses,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Norwest Venture Partners led by a team ...

“Fourth Partner Energy announced a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth,” reported Hindu Business Line . Shardul Amarchand Mangaldas & Co advised Rise Fund SF Pte Ltd led by a team of partner Iqbal Khan ; Ambarish, partner; principal a...

“Amelio Early Education, a corporate daycare provider, and a subsidiary of Babilou Grouphas acquired Tom & Jerry Creche, a Bengaluru-based chain of B2B childcare centres,” reported Hindu Business Line . Shardul Amarchand Mangaldas & Co advised Babilou SAS (acting through its subsidiary Ame...

“Food ordering and delivery platform Swiggy … acquired Scootsy, an intracity delivery service provider in an all-cash deal. The value of the transaction was not disclosed,” reported Mint . Shardul Amarchand Mangaldas & Co advised Bundl Technologies Private Limited , operating as Swiggy led by a...