metadesc: Brazilian natural resources player Gerdau sold its participation in Spanish company Gerdau Hungria KFT Y CIA Sociedad Regular Colectiva, which owns 98.89% of Gerdau Steel India Ltd shares, to Blue Coral Investment Holdings and Mountainpeak Investment Holdings Ltd (a special purpose vehicle...

“PE-backed dialysis chain NephroPlus acquires DaVita Care India: Dialysis chain NephroPlus Health Services Pvt. Ltd has acquired DaVita Care India Pvt. Ltd, marking another consolidation activity,” reported VCCircle . AZB & Partners advised DaVita Care Pte Ltd led by a team of partners Srinath ...

“Ageas to acquire 40% stake in Royal Sundaram for Rs 15.2 billion: Royal Sundaram is one of the top 10 players in the general insurance market with strong positions in motor and health insurance,” reported Business Standard . AZB & Partners advised Ageas Insurance International N.V. led by a te...

“Tata Power-backed firm to buy Jaypee’s Prayagraj Power from lenders: The sale of Prayagraj Power to Tata Power-backed Resurgent Power marks the first such transaction in the power generation space outside the insolvency framework,” reported Mint . “Resurgent Power acquires 75% Jaypee’s Prayagraj Po...

“Visa takes minority stake in Billdesk, valuation hits $1.8 billion: Visas investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses,” reported The Economic Times . “The transaction involves a primary investment of about $200 million with a sec...

“Dr Reddy’s to sell Hyderabad API unit to Therapiva: Dr Reddy’s Laboratories said it has entered into a definitive agreement for the sale of its API manufacturing business unit in Jeedimetla, Hyderabad, to Therapiva,” reported Mint . AZB & Partners advised Dr. Reddy’s Laboratories Limited led b...

“Everstone-backed Crystal Crop Protection buys three brands from Syngenta: Agrochemical company Crystal Crop Protection Ltd has acquired three insecticide and fungicide brands from agrochemical and seeds. Delhi-based Crystal Crop said in a statement it has acquired Proclaim, Tilt and Blue Copper bra...

White & Case London partner and illustrious NLSIU Bangalore alumnus Dipen Sabharwal has been bestowed the prestigious Queen’s Counsel (QC) tag by the bar of England & Wales.

Eruditus Group, comprising Eruditus Executive Education and its online division Emeritus, has raised a $40-million Series C round led by Sequoia Capital. Existing investor Bertelsmann India Investments also participated in the round, the company said on Thursday. — Mint S&R Associates advised B...

“Radiant agrees to acquire control of Max Healthcare: The entity resulting from the Radiant-Max Healthcare acquisition will be India’s third largest hospital chain by revenue,” reported Mint . It would create the fourth-largest entity in the space by capacity, with over 3,200 beds in 16 hospitals ac...

“UK firm Savills expands base in India: UK-based real estate advisor, Savills, has expanded its business into a full-service platform,” reported Hindu Business Line . The deal included the management group’s acquisition of equity in Savills India. Indian Law Partners advised Savills led by a team of...

“TCS acquires US-based BridgePoint Group: TCS today announced the acquisition of BridgePoint Group, a US management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets,” reported Mint . AZB & Partner...

“Gaja Capital invests $25 mn in ed-tech firm Educational Initiatives: Gaja Capital, a private equity firm specialising in investments in the lower end of the middle market, has invested $25 million (Rs 171 crore) in Ahmedabad-based ed-tech firm Educational Initiatives…,” reported VCCircle . DSK Lega...

“CPPIB, Allianz Capital Partners anchor L&T IDPL’s infrastructure investment trust: Canada Pension Plan Investment Board and Allianz Capital Partners are acting as anchor investors in the first private infrastructure investment trust in India—IndInfravit Trust,” reported Mint . Freshfields Bruc...

“CPP Group Pays GBP2 Million For 61% Stake In Indian Firm Globiva: CPP Group PLC said Thursday it invested GBP2 million into Indian business process management firm Globiva,” reported The Morningstar . KNM & Partners advised Globiva Services Private Limited led by a team of senior partners Muke...

Singhania & Partners LLP has promoted Delhi-based associate partner Abhimeet Sinha to partner and principal associate Gunjan Gupta to associate partner.

“Gruh Finance To Merge With Bandhan Bank: Bandhan Bank to merge with Gruh Finance in share swap deal,” reported Bloombergquint . Argus Partners advised Gruh Finance led by managing partner Krishnava Dutt , partner Adity Chaudhury , partner Arka Majumdar along with associates Ashish Patel , Kshitija ...

IndusLaw Bangalore disputes partner Nikhilesh Rao will join Khaitan & Co’s litigation team, as first reported by Bar & Bench.

Cairn Oil & Gas general counsel (GC) Nitin Banerjee was elevated to group general counsel at Vedanta Limited on 20 December, finally filling in the gap created by his predecessor Mukesh Bhavnani’s exit more than three years ago.

Mumbai disputes firm MZM Legal has promoted its disputes partner Waseem Pangarkar to senior partner.