New Delhi: Leading media firm Amar Ujala Ltd has acquired a majority stake in Cygnus Medicare, which operates a chain of super specialty hospitals, for around Rs 130 crore as part of its expansion plans in the healthcare segment. Cygnus Medicare currently has more than 1,000 beds across its 10 super...

Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country. HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems. — The Econom...

Muthoot Finance has commenced pricing of its three-year dollar-denominated bonds on Monday with the initial price target on the paper coming in at 6.375%. “The firm could be looking to raise anywhere between $300-450 million. The final price is likely to come down fairly from the initial guidance of...

On 10th October, Sunil Subramaniam, CEO, Sundaram Asset Management Company announced the sale of the Registrar and Transfer Agent (RTA) business Sundaram BNP Paribas Fund Services Ltd to Karvy Fintech Pvt Ltd. Although the business has been sold, the company Sundaram BNP Paribas Fund Services will c...

Chinese technology giant Tencent is leading a $110-million (about Rs 780 crore) financing round in video-streaming platform MX Player, valuing it at around $500 million (around Rs 3,545 crore) post the investment, said sources close to the matter. This will be MX Player’s first external fund-raising...

Amazon is investing Rs 51 crore in Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses, for a 0.51% stake, the company disclosed in a regulatory filing. The investment will be going into the company’s subsidiary Qdigi Services, which provides after sales servic...

Cyril Amarchand Mangaldas competition partner Bharat Budholia, who had resigned in August 2019, is understood to be joining AZB & Partners in Mumbai next month.

Softbank Vision Fund seeks to increase its stake in logistics courier service company Delhivery, according to regulatory filings sourced by data intelligence platform paper.vc. As per the filings, the venture capital firm plans to take the secondary transaction route by purchasing shares from an exi...

Lartid: 10941 Abhishek Shinde heads out of AZB A ZB & Partners Delhi corporate partner Abhishek Shinde , who had joined from K Law in 2017 , has resigned from the firm and is understood to be in talks with at least one other firm. He declined to comment when contacted. We have also reached out ...

Svasti Microfinance Pvt. Ltd has raised Rs 34 crore ($4.8 million) from a clutch of investors including Nordic Microfinance Initiative (NMI) and Serum Institute of India CEO Adar Poonawalla, the Mumbai-based lender said on Tuesday. — VCCircle Vertices Partners advised Nordic Microfinance Initiative ...

Dunzo, a local delivery marketplace, has raised $45 million in a fresh round of Series D from Lightbox Ventures, Google, 3L Capital, and STIC Investment & STIC Ventures. With this round, its total funding raised to date is $81 million. — Hindu Business Line An Indian startup that is increasingl...

Arshiya announced that the company had previously informed about the completion of the transaction for the monetisation of 6 warehouses located at the Free Trade and Warehousing Zone, Panvel, near New Mumbai (Arshiya FTWZ) with Ascendas Property Fund (India) (APFI). — Business Standard The deal envi...

Gurugram-based Super Highway Labs, which runs and owns bus aggregator platform Shuttl, has raised a part of its Series B funding of Rs 41 crore from a clutch of investors led by Proof.VC, according to Shuttl’s filings with the Registrar of Companies (RoC). — Yourstory Jerome Merchant + Partners advi...

Dhruv Singhal, who had in August left AZB & Partners, after having moved there in 2016 from Cyril Amarchand Mangaldas, has re-joined the latter.

Chennai-based speech recognition company Uniphore Software Systems has raised $38 million in fresh funding, led by California-based venture capital firm March Capital Partners, at an estimated valuation of around $130 million. The Series-C funding round also saw National Grid Partners, Sistema Asia ...

Texas … HMS Holdings Corp. (Nasdaq: HMSY) … announced it has acquired VitreosHealth, a privately held company based in Plano, Texas, that offers predictive and prescriptive health insights for population risk models. Prior to the acquisition, VitreosHealth served as a key strategic partner for HMS, ...

A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipka...

Acquisition by MSDF of certain equity stake in Workex Solutions and Services Private Limited, as mentioned by Business World . Pursuant to the investment, MSDF’s stake is approximately 7%. AZB & Partners advised Michael & Susan Dell Foundation (MSDF) led by a team of partners Hardeep Sachd...

General Motors (GM) and Tata Consultancy Services (TCS) … announced a new partnership under which the IT major would support the leading automaker in future vehicle engineering across global markets. The new association builds on the 16-year long relationship between the two companies, the companies...

Healthcare chain ASG Eye Hospitals on Wednesday said it has raised Rs 308 crore in a funding round led by Foundation Holdings, for business expansion, including acquisitions. — Business Standard AZB & Partners advised ASG Hospital Private Limited (“ASG”), and its promoters Arun Singhvi and Shas...