Scheme of arrangement among ABB India Limited, ABB Power Products and Systems India Limited (a wholly owned subsidiary of ABB India) (APPSIL) and their respective shareholders and creditors for the demerger of ABB India’s power grids business to APPSIL. Post sanction of the scheme of arrangement by ...

“Peel-Works, a software-as-a-service and big data analytics platform for small-and-medium-sized retailers has raised $5 million in Series B funding. The round was led by Equanimity Ventures, with the participation from HDFC Bank and Bruno Raschle while existing investors like Unilever Ventures, Chir...

“Sigma Systems, a leading global provider of create-sell-deliver software solutions for telecom, media, and high-tech companies, has entered into an agreement to be acquired by Australian based billing, data management and customer care company Hansen Technologies,” according to the company’s press ...

“Kansai Nerolac Paints Ltd has agreed to acquire a 100% stake in construction chemicals company Perma Construction Aids Pvt. Ltd for Rs 29.1 crore (about $4.16 million) in cash,” reported VCCircle . Desai & Diwanji advised Perma Construction Aids Private Limited and its shareholders led by a te...

“Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment management arm of US-based Morgan Stanley Investment Management,” reported Mint . Desai &...

Khaitan & Co has bumped up its revenues in the 2018-19 financial year by 20 to 25% to cross Rs 600 crores, according to several authoritative sources with knowledge of the figures.

Global fast-food giant McDonald’s has finally managed to regain control of its North Indian operations, which had been plagued by its protracted six-year battle with North Indian joint-venture ‘partner’ Connaught Plaza Restaurants Restaurants Private Limited, owned by businessman Vikram Bakshi, as r...

Reliance Industries has bought out iconic British toy chain Hamleys, after several years of subsidiary Reliance Retail under licence having expanded the brand in India to the 88 stores (out of 167 globally, in 18 countries), reported NDTV . Khaitan & Co acted for Reliance Industries ., led by p...

Samvad Partners has promoted corporate senior associate Junaira Rahman to partner in Delhi, according to the firm, growing its total partnership to 14 (with 75 fee-earners)

“Varian and Tata Trusts Sign Framework Agreement for Advanced Cancer Care Solutions to Address Growing Need in India” reported Varian about the “three-year agreement is focused on world-class cancer care delivery through the installation of radiation therapy treatment systems across India where Vari...

“State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore,” reported Yahoo about the PSU sale. Cyril Amarchand Mangaldas advised REC Limited led by a t...

“India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) will acquire five electricity transmission assets worth ?11,500 crore ($1.66 billion) from Sterlite Power,” reported Hindu Business Line . “Global alternative assets giant KKR is moving to acquire a controlling stake in Sterlit...

“Raj Kapoor’s RK Studios in Chembur, an eastern suburb of Mumbai, has slipped into history. The 2.2-acre iconic landmark has been sold to Godrej Properties, the Godrej group’s real estate company. Although neither party is willing to put a figure to the deal, the industry estimate is that the plot w...

“Bengaluru-based WorkIndia, a geo-positioning app which helps in connecting blue and gray collar workers with employers, has raised funding of Rs 24 crore from BEENEXT, Singapore and chairman Mamoru Taniya of Asuka Asset Management, Japan,” reported Yourstory . Mumbai-based law firm Universal Legal ...

“Arnab Goswami has repurchased Republic TV shares from Asianet, putting it on track to become an Editor-run news channel. The two-year old broadcaster is now valued at a whopping Rs 1,200 crore. Since its launch in May 2017, Republic TV has retained the leadership position among English News channel...

Saikrishna & Associates has hired Viacom18 Media senior vice president legal Thomas George and one team member to head it up to open up a Mumbai office, while also promoting five associate partners to partner, expanding its total partnership to 18.

Cyril Amarchand Mangaldas has hired Richa Roy as a partner in its Insolvency and Bankruptcy Code (IBC) and policy practice in Mumbai.

“Infrastructure major Larsen & Toubro has purchased around 20% stake of V.G. Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore,” reported Mint, about the purchase that was formally announced last week.

Shardul Amarchand Mangaldas has promoted 7 to its partnership (including one as a partner-equivalent director in competition).

L&L Partners, formerly known as Luthra & Luthra, has re-launched its website to now include a list of partners in each practice area, after it had for a long time maintained a fairly basic online presence (excepting its activity on Facebook, of course).