“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and eastern India, and can produce 300,000 pairs of footwear a day,” reported Business Standard.

Khaitan & Co advised Larsen & Toubro Infotech Limited led by a team of partner Niren Patel, principal associate Aayush Misra, associate Shubhi Pahwa and associate Anumeha Karnatak.

Ruletronics provides digital business process management and customer relationship management solutions.

Deal value: $7.48m

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