AZB & Partners has hired L&L Partners Mumbai-based partner Avinash Subramanian as a partner in its restructuring, IBC and structured finance practice in Mumbai.

Amazon has led a $10 million financing round in M1xchange, an online invoice discounting startup catering to micro, small and medium enterprises (MSMEs). Existing investors Beenext and Mayfield also participated in the funding round. EconomicTimes AZB & Partners acted as the Indian legal counse...

Global investment firm, KKR… said that it will invest $95 million in Lenskart through a secondary stake acquisition through its Asian private equity fund. Avendus Capital will be advising on the transaction. ET Now AZB & Partners advised Birdseye View Holding an affiliate investing vehicle of K...

The Competition Commission of India (CCI) has approved proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation. The proposed combination relates to acquisition of Ingram together with its parent companies GCL Investment Management Inc a...

E-commerce giant Amazon and private equity firm Samara Capital have jointly invested over Rs 275 crore in Witzig Advisory Services, holding firm of the More supermarket chain, according to regulatory filings, sourced from business intelligence platform Paper.vc. — Business Standard AZB & Partne...

Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler. — Moneycontrol Backed by marquee investors, Urban Company’s valuation rose up to USD 2 ...

Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Ess Kay Fincorp Ltd, a non-banking finance company, has raised ₹337 crore in a Series E funding from TPG Growth, Norwest Venture Partners and Evolvence. The company’s promoter Rajendra Setia also invested in this round. With this investment, the firm has raised over ₹1,000 crore of external capital ...

Ceridian, a global leader in human capital management (HCM) technology, … announced it has entered into a definitive share purchase agreement to acquire Excelity Global Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider from the Everstone Group. The transaction is expected to close du...

“IndoSpace, an Industrial real estate and logistics parks’ developer, has entered into a joint venture with ’ wholly-owned subsidiary Model Economic Township Limited (METL) to develop a logistics park in Farukhnagar in Haryana.” as per the report by The Economic Times . Post acquisition, Model Econo...

On Monday, the Competition Commission of India (CCI) tweeted that it had “received the first green channel combination pertaining to the acquisition of the Essel Mutual Fund by an entity forming a part of the Sachin Bansal Group.” The green channel is a speedier approval route for mergers and acquis...

The housing finance major has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO. The stake sale is being done in accordance with the direction of the Reserve Bank of India requiring HDFC to reduce its ...

Wealth management platform INDwealth, founded by Ashish Kashyap, the former chief executive of travel portal Ibibo, said on Thursday that it has raised $15 million in funding from US-based investment fund Tiger Global Management, one of India’s most prolific technology startup investors. — Mint AZB ...

Acquisition by Everstone of a significant stake in Integris Health Private Limited and TTL from its existing promoters, according to reports . AZB & Partners advised Translumina Therapeutics LLP , a wholly owned subsidiary of Integris Health Private Limited led by a team of partners Gautam Saha...

SRF … informed the exchanges of the transfer of its plastics business to DSM India Private Limited. In accordance with a business transfer agreement entered into between the company and DSM India on May 11, the engineering plastics business has been divested to DSM India from August 1, it added. — H...

In the single largest foreign investment in India’s clean energy space, ORIX Corp. is set to invest $980 million in Greenko Energy Holdings; the Japan’ financial services firm said in a statement. The deal will also add 873 MW of Orix’ operating wind assets to Hyderabad-based Greenko’s portfolio, an...

Aceto, a global provider of speciality materials for life sciences and advanced tech end-markets, today announced the acquisition of a majority stake in Indian firm Finar Ltd. — VCCircle Finar is a life sciences company, having its GMP certified manufacturing base at Ahmedabad, Gujarat, India, and i...

“CDC Group, the UK’s development finance institution and impact investor, NIIF and EverSource Capital managed GGEF announced additional equity funding of USD 70 million, USD 284 million and USD 36 million respectively in Ayana Renewable Power (Ayana), a leading Indian renewable energy platform, a st...

Not to be outdone by fellow food delivery rival Zomato, foodtech unicorn Swiggy is in the final stages of closing an $800 Mn Series J funding round, which is likely to see the company reach close to $5 Bn in valuation, a jump from its previous reported valuation of $3.6 Bn in 2020. — Inc42 AZB &...

Brighton Park Capital and Indegene, the Bangalore-headquartered enterprise healthtech solutions provider, today announced that Carlyle and Brighton Park Capital will acquire minority stakes in the company for US$200 million. The transaction, which is subject to customary regulatory approvals, consis...