The India Cements Ltd acquired Springway Mining, a company involved in mining and quarrying business paving the way for its expansion. “India Cements to acquire Springway Mining for Rs 183 crore, set up MP unit: The company’s decision to acquire Springway stems from the fact that it wants to enter t...

“Thomas Cook India to acquire 24% stake in TravelJunkie Solutions: Thomas Cook India Group chairman Madhavan Menon said the partnership with Ithaka creates a new channel that reaches and serves millennials,” reported The Economic Times . PDS Legal advised TravelJunkie Solutions Private Limited led b...

Pureplay Skin Sciences (India) Pvt. Ltd, a cosmetics manufacturing and retail start-up involved in vegan and cruelty-free beauty products under its brand-name ‘Plum’ has secured Rs 15 crore funding from Unilever Ventures, according to reports . Themis Associates advised Unilever Ventures led by a te...

“Shop101 raises Rs 80 Cr from Kalaari & Unilever Ventures: Shop101 helps small merchants sell to customers on social media platforms including WhatsApp, Facebook and Instagram,” reported Tech.economictimesdiatimes . This was the “dynamic social commerce” start-up’s Series B round. Themis Associ...

Sequoia and SAIF’s stake in Walnut, a Bangalore based personal finance management app-maker, was acquired by Capital Float, a Bangalore based digital lending platform (in which Sequoia and SAIF are existing investors) for $30m, according to reports . Themis Associates advised Sequoia Capital and SAI...

“Edtech startup Eruditus in funding talks to raise $40 million: Eruditus, an executive education service provider, is seeking to raise the funds in a Series C round led by Sequoia Capital India,” reported Mint . Update 29 May 2019 : S&R Associates advised existing investor Bertelsmann India Inv...

Emami Cement Limited acquired the manufacturing, grinding, processing, treating and refining cement business of Eco Cements Limited, according to reports . Shardul Amarchand Mangaldas & Co advised Emami Cement Limited led by a team of partner Sakshi Mehra ; senior associate Shiladitya Banerjee ...

“Digital lending platform NeoGrowth raises $47 mn in equity funding: Mumbai-headquartered non-banking financial company (NBFC) NeoGrowth Credit Pvt. Ltd, which provides flexible loans to merchants and offers automated repayment options, has secured Rs 300 crore ($47 million) in equity funding from i...

“Byju’s raises $540 million from Naspers and CPPIB: Education startup Byju’s has raised $540 million in a round led by Naspers, with participation from Canada Pension Plan Investment Board (CPPIB),” reported Medianama . Shardul Amarchand Mangaldas & Co advised Byju (Think and Learn Pvt. Ltd) le...

“Endo International plc … has reached definitive agreements to acquire … the business of its India based affiliate Wintac Limited, which operates as Somerset Therapeutics’ contract developer and manufacturer,” reported Markets.businessinsider . Shardul Amarchand Mangaldas & Co advised Endo Inte...

“Home Interiors Startup Design Cafe Raises $28.5 Mn From WestBridge Capital: The recently raised funds will be used by the company to expand its footprints in the country including Mumbai Delhi/ NCR and Hyderabad,” reported Inc42 . Shardul Amarchand Mangaldas & Co advised WestBridge Capital led...

Bluecraft Agro Private Limited bought of the manufacturing and selling of starch and derivatives’ business of EICL Limited along with (a) one of the units of EICL (Unit 1), on a slump-sale basis; and (b) certain identified assets of the other unit of EICL by way of an asset transfer arrangement in F...

Insight Communications & Print Solutions Private Limited sold 75% of its shares held by Ajay Aggarwal, Sangam Khanna, Angelo Lima Fernandes and Nehchalraj Singh to Japanese printing company Komori Corporation Limited, according to the company’s press release and reports . DSK Legal advised Insi...

L&L Partners 2014-litigation partner Anirban Bhattacharya has left to make it as an independent arguing counsel, as first reported by Bar & Bench.

“StanChart sells PE portfolio for $1 billion to Intermediate’s arm: The portfolio comprises private equity investments in companies across Southeast Asia, India, China and South Korea,” reported Mint.

“Blackstone sells 8% stake in Mphasis for Rs 1,484 crore: US private equity major Blackstone has offloaded an 8% stake in Indian IT firm Mphasis at Rs 960 apiece to a clutch of investors, including new foreign funds T Rowe Price, Nomura and Oppenheimer. ” reported The Times of India . The stake sale...

AZB & Partners has promoted corporate, M&A and private equity counsel Kunal Kumbhat - who had joined less than a year ago after six years at Trilegal - to its partnership.

“Essel Group to acquire majority stake in LKP Finance: Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd,” reported VCCircle . Essel bought 62% in LKP. Shardul Amarchand Mangaldas & Co advised the promoter group of ...

“Indiabulls sells 50% stake in office assets for Rs 464 cr to Blackstone: The company’s existing wholly-owned subsidiaries Ashkit Properties Ltd and Yashita Buildcon Ltd have become joint ventures,” reported Business Standard . Shardul Amarchand Mangaldas & Co advised Blackstone led by a team o...

“Speciale Invest to fund online poker platform Pocket52: The funding is another initiative to promote the gaming industry in India. The estimated value of the online poker space in India is $7 million,” reported Moneycontrol . GameChanger Law Advisors advised Speciale Invest Fund led by a team of fo...