Euromoney PLC acquired Deal LLC from its parent, the Street LLC, according to the London Stock Exchange announcement . Jerome Merchant + Partners advised Euromoney PLC on Indian law issues, led by a team of partner Vishnu Jerome and associate Ravishankar M . Clifford Chance advised Euromoney on US, ...

“Amazon Pay has acquired personal assistant platform Tapzo, its first such deal in India, in a bid to build on and widen the scope of its payment offering. The part-stock and part-cash deal is valued at $40-45 million and will see Tapzo’s investors exit with a cash payout, according to two people aw...

“Retail-focused non-banking financial company Kogta Financial has secured 154 crore in a financing round led by a fund managed by Morgan Stanley Private Equity Asia and existing backer IIFL Seed Ventures. The Morgan Stanley Private Equity Asia-managed fund invested about 114 crore for a minority sta...

“Pune-based auto component manufacturer Flash Electronics India has raised Rs 200 crore from private equity firm DMI Finance to expand operations. The funds will be utilised to upgrade products for transition to BS VI emissions standards, set up production lines and scale up its gears business, the ...

Monte Carlo Fashions Limited successfully completed its buy-back of its shares, according to reports . Monte Carlo is a public listed company, engaged in the business of manufacturing woollen and cotton garments for men, women and kids. Monte Carlo primarily caters to premium and mid-premium branded...

“The country’s leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid,” reported Business Standard about the insol...

IIFL India Private Equity Fund, an investment arm of India Infoline Limited, has acquired a majority stake in Infigo Lifesciences Private Limited, a company engaged in the business of establishing comprehensive eye care centers / hospitals, for a consideration amount of INR 25 crores. Jerome Merchan...

“Mahindra Lifespaces Developers and Mahindra World City (Jaipur), a subsidiary of the company and a joint venture between the company and Rajasthan State Industrial Development and Investment Corporation have executed an agreement on 19 June 2018 with International Finance Corporation, a member of t...

“Mumbai-based digital lending startup SME Corner has raised Rs 90 crore in fresh funding in a mix of debt and equity. While Rs 35 crore of equity capital has come from Accion Frontier Inclusion Fund managed by Quona Capital, another Rs 10 crore was infused by existing investors including Accion Vent...

“India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures Ltd, will raise ₹2,560 crore of primary capital through a qualified institutional placement (QIP) beginning Wednesday, said a person aware of the development,” reported Mint . Khaitan &...

“New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. The latest funding round will increase the total equity capital of the company to over 1,000 crore,” reported The Economic Times , with funding from Alpha Capita...

General Electric Company sold the small industrial motors business of its Power Conversion division to China’s largest electric motors maker, Wolong Electric Group Co, according to reports . Jerome Merchant + Partners advised General Electric Company on Indian law issues, led by partner Vishnu Jerom...

“Vedanta Resources Friday said it has raised USD one billion through bonds and will use the net proceeds mainly to repay debt,” reported Mint . Khaitan & Co advised Vedanta Resources Finance II Plc and Vedanta Resources Limited led by a team of partner Manisha Shroff , principal associate Oishi...

“In what would seem to be Mastercard’s plan B in the recent tug of war with Visa over the acquisition of Earthport, the company announced that it will acquire Transfast, a New York based mature fintech that specializes in cross border remittances. The article is posted on Zachs and does not disclose...

KPIT listed of 27,41,43,808 equity shares of face value of Rs. 10 each on BSE Limited and the NSE pursuant to a Composite Scheme of Arrangement amongst KPIT Technologies Limited, KPIT Engineering Limited, Birlasoft (India) Limited and their respective shareholders, which was sanctioned by the Nation...

The Bar Council of Delhi (BCD) has issued notice to the Big Four accounting firms in a complaint filed by Society of Indian Law Firms (Silf) president Lalit Bhasin (read order below).

“Quess Corp is acquiring majority stake in Chennai-headquartered business solutions provider and listed enterprise Allsec Technologies in a transaction worth around Rs 270 crore. The deal, undertaken through Quess’ subsidiary Conneqt Business Solutions, will see Conneqt purchasing 35.35% holding fro...

“Bulk tea producer McLeod Russel is selling three estates in Assam to city-based Luxmi Tea Company for an estimated value of around Rs 150.5 crore. In a notification to stock exchanges on Monday, McLeod Russel said, it has executed an agreement for sale of specified assets of Addabarie Tea Estate, M...

“British engine maker Rolls-Royce announced today it has agreed to sell its troubled commercial marine business to Norwegian industrial group Kongsberg for 500 million pounds. The deal, worth $661 million or 566 million euros, is part of a massive overhaul led by chief executive Warren East, Rolls-R...

“Agritech startup Intello Labs announced that it has raised a seed round of $2 million from Nexus Venture Partners and Omnivore. Intello Labs uses artificial intelligence tools including computer vision and deep learning, to build a platform for grading and quality monitoring of agricultural commodi...