Corporate

Khaitan acts on $14m fund raising for Blue Jay Finlease

“Fintech lending platform Ziploan, which provides micro-loans of up to Rs 5 lakh to small and medium enterprises (SMEs), has raised Rs 90 crore in its Series-B funding led by venture capital firm SAIF Partners. The round also saw participation of existing investors Matrix Partners India, Waterbridge...

Juris Corp, JSA on Aspire buy in Valforma and iApps

“Aspire Systems, a Chennai-based global technology services provider, has acquired UAE-based Oracle Fusion Cloud specialist iApps, and the Oracle business unit of Bengaluru-based Valforma Technology Services, a provider of SMAC (Social, Mobile, Analytics and Cloud) solutions,” reported the Times of ...

DMD, Khaitan, Suresh Surana act on US ad agency Periscope sale to Quad/Graphics

tags: DMD Advocates, Suresh Surana & Associates, Moss & Barnett, Guantao & Chow, Khaitan & Co, Reinhart Boerner Van Deuren, Eversheds Sutherland, MOLITOR Avocats à la Cour SARL US magazine printer Quad/Graphics bought Minneapolis ad agency Periscope and its subsidiaries in Hong K...

Agama, Samisti act on Evriksh Healthcare buy of Medlife

“Medlife International Private Limited has acquired ‘Medlabz’, a Mumbai-based digital healthcare platform and ‘diagnostics at home’ service provider. By way of this acquisition, Medlife seeks to foray deeper into the diagnostics segment and thereunder, strengthen its business of wholesale and retail...

Khaitan acts for Ireland’s Clanwilliam Investments in buy of British Orient Infotel, Dictate IT

“Clanwilliam makes 18th acquisition as it snaps up Dictate IT: Group recently agreed a €300m debt placement with Alcentra for further expansion,” reported Irish Times . The deal involved acquisition of 100% of Dictate IT Limited (UK entity) together with a 100% acquisition of Bangalore-based Indian ...

Khaitan, JSA, CAM act on Northern Arc Capital Limited on $132m investment from IIFL, Stanchart, Affirma

“Non-banking financial company Northern Arc Capital Ltd said on Tuesday that it has secured a fresh investment of Rs 910 crore (around $130 million) from a clutch of institutional investors,” reported VCCircle . Investors include IIFL Special Opportunities Fund and its Series managed by IIFL Asset M...

Gravitas helps PTC lend $22m to KKR-Cleanmax solar project

PTC India Financial Services extended Rs 158 crore rupee facilities toward KKR India Financial Services’ outstanding debt at the request of energy company Cleanmax IPP 2 (CMIP2). CMIP2 had borrowed Rs 150 crore from KKR India by a 6 January 2018 agreement. The loan was for its 32MW AC (46.4 MW DC) p...

Rajani acts for Oikocredit on $9.8m affordable housing finance SEWA Series B

“SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Networ...

Themis, Novojuris act on $8m Bennett Coleman, Kalaari Series A in Oxfordcaps student housing

“Student housing company Oxfordcaps raises $8M led by Times Internet: Founded by Annu Talreja, Priyanka Gera, Oxfordcaps provides technology-driven living experience to Gen Z students in India and Singapore,” reported The Economic Times about the Series A round by Bennett Coleman and Kalaari Capital...

Anup Shah partner Suraj Govindaraj (NLS ‘95, ex-AZB) to become HC judge

Judicial appointments from law firms (and from NLSIU Bangalore) are beginning to come thick and fast these days (relatively speaking), no doubt reflecting the growing maturity of both in India’s legal system.

Disney Fox mega-merger (with Star, Hotstar, Tata Sky) navigates Desi regulatory waters with AZB Mumbai, Delhi, TTA

US movie studio and media conglomerate Twenty-First Century Fox was swallowed up by the The Walt Disney Company for $71bn, raising some serious global competition concerns. In India, the deal included media players Hotstar, Tata Sky and Star India, according to Digit , and would have therefore also ...

Ex-SIAC Mumbai chief Vivekananda Neelakantan (NLS’ 06) promoted as Allen Gledhill Singapore partner

NLU-educated lawyer Vivekananda Neelakantan has been promoted as partner at top Singaporean firm Allen & Gledhill, which the former Singapore International Arbitration Centre (SIAC) deputy registrar from India had joined as international counsel in 2014.

Khaitan also helped Ola on smaller, $14m February VC round in Ola Electric Mobility + Rajaram, AZB

In February of this year, preceding the March $300m buy-in from Hyundai and Kia , Ola subsidiary Ola Electric Mobility raised $14m from investors including Matrix Partners India, Tiger Global; and Sarin Family India, according to reports . Khaitan & Co advised Ola Electric Mobility Private Limi...

Kanga, JSA act on $5.8m Shriram housing project with Kotak fund

“Realty developer Shriram Properties has entered into partnership with Kotak India Affordable Housing Fund-I (KIAHF) for development of next phase of its affordable housing project Shriram Grand 2, as part of Shriram Grand City at Uttarpara in Kolkata,” reported the Economic Times . Kanga & Co ...

IC Universal, best friend Chugh act on US sale of India’s Sak Abrasives subsidiary

Buffalo Abrasives Inc located in Buffalo, New York, USA has been acquired by Sak Abrasives Inc, a wholly owned subsidiary of Sak Industries Private Ltd, according to reports . IC Universal Legal advised Sak Abrasives Inc led by the Chennai team of IC Universal Legal, comprising of senior partner Kav...

KT Advisors, Tempus, Luthra act on RiceTec purchase of paddy seed business of Ganga Kaveri Seeds

RiceTec AG through its Indian subsidiary (Savannah Seeds Private Limited) acquired the paddy seed business of Ganga Kaveri Seeds Private Limited, according to reports . “RiceTec Acquires Assets from Ganga Kaveri Seeds: RiceTec AG has announced the acquisition of the rice seed assets of Ganga Kaveri ...

Sequoia India GC of 9 years, Sandeep Kapoor, to leave • VP Siddharth Rao to take top job

Bangalore-based director legal at top venture capital (VC) fund Sequoia Capital, Sandeep Kapoor, will be leaving the firm, probably by the end of this month, according to authoritative sources.

ILP, AZB act in $51m Avaada Power investments from European DFIs

Renewables company Avaada Energy Private Limited has taken investments from Development Finance Institutions (DFIs) - DEG from Germany and FMO from the Netherlands, as reported by VCCircle . Indian Law Partners advised Avaada Power and its promoters led by a team of ILP partners Gopika Pant and Vine...

IC Universal acts on $2m Omnivore investment in TartanSense agri-robotics

TartanSense, a Bengaluru based agritech and robotics platform has raised $2 million, according to the Economic Times . IC Universal Legal Chennai advised Omnivore Partners led by a team of partner Sameena Chatrapathy , senior associate Shreya Deora , associate Raghavi Raj and company secretary Ranji...

Samisti acts again for Medlife in Medlabz acquisition

“Online pharmacy company Medlife acquires Mumbai-based Medlabz: With this acquisition Medlife plans to consolidate its diagnostics business by integrating its technology platform and logistic strengths of both companies,” reported Yourstory . Samisti Legal LLP advised Medlife International Private L...