US-based private equity firm Advent International Corporation is set to acquire a controlling stake in home-grown snacks maker DFM Foods Pvt Ltd that owns brands such as Crax and Natkhat. — Hindu Business Line J Sagar Associates (JSA) advised Advent International led by a team of partners Vikram Rag...

Sodexo takes strategic minority stake in Zeta, an Indian fintech company: Sodexo, world leader in Quality of Life services, announced today that its Benefits & Rewards Services (BRS) activity has entered into final discussions to take a strategic minority stake in Zeta, , which has been partner...

Sastasundar Ventures jumped 11.87% to Rs 108.85 after Japan’s Mitsubishi Corporation signed an agreement to invest Rs 100 crore in Sastasundar Healthbuddy. — Business Standard AZB & Partners advised Mitsubishi Corporation led by a team of partners Daksh Trivedi and Anant Dang , senior associate...

After almost a year of negotiations, global e-commerce and technology giant Amazon.com is acquiring a 49 per cent stake in Future Coupons, the promoter entity of Future Retail. According to sources in the know, the size of the deal is between Rs 1,500 crore and Rs 2,000 crore. Through this transacti...

Social commerce startup Meesho has raised $125 million, led by South African media and internet group Naspers, with participation from US technology company Facebook and existing investors SAIF Partners, Sequoia Capital, Shunwei Capital, RPS and Venture Highway. Former Vodafone Group CEO Arun Sarin ...

Fintech firm Cred has raised $120 million (Rs 862 crore) in a new funding round, founder Kunal Shah tweeted… according to filings with the Ministry of Corporate Affairs, Cred has raised Rs 730.02 crore from a clutch of investors in its Series B funding round. Ribbit Capital, a fintech-focused global...

AZB & Partners has hired Cyril Amarchand Mangaldas (CAM) Mumbai partner Nikunj Maheshwari in its banking and finance practice.

Canadian investment firm Brookfield Asset Management Inc. will invest Rs 25,215 crore ($3.66 billion) in Reliance Industries Ltd’s telecom tower assets in the single-biggest private equity deal ever in India. — VCCircle The funds will be invested in a to-be-issued InvIT by Tower Infrastructure Trust...

Economic Laws Practice (ELP) has beefed up its Mumbai infrastructure practice with the hire of Ravi Jain from AZB & Partners, where he was a senior transactional lawyer.

BNP Paribas Cardif offloaded another 5.074 per cent stake in SBI Life Insurance through a block deal. — Hindu Business Line AZB & Partners advised BNP Paribas Cardif led by a team of partners Rajendra Barot , Varoon Chandra , Lionel D’ Almeida and Arvind Ramesh , and senior associate Rutunjay S...

Private equity firm General Atlantic will invest $100 million in Rubicon Research Pvt. Ltd, the pharmaceutical product development company in which it acquired a controlling stake [from the Everstone Group]. — Mint Bharucha Singh Mundkur advised General Atlantic led by a team including partner Vanda...

GRUH Finance Limited, a listed housing finance company, by its promoter, Housing Development Finance Corporation Limited, has made a ₹8.99 billion bulk deal sale of 31 million equity shares representing 4.22% of the equity share capital on the BSE and the NSE. The sale was conducted in connection wi...

Ola Electric Mobility Pvt. Ltd has raised about $250 million from SoftBank Group Corp., thus becoming the second company founded by Bhavish Aggarwal to join the coveted unicorn club of startups valued at more than $1 billion. — Mint Khaitan & Co advised Ola Electric Mobility led by a core trans...

Online pharmacy 1mg has closed a $70 million investment round led by Corisol Holdings, a European family office, with participation from the World Bank’s investment arm IFC, at a valuation of around $200 million. The Series-D round also saw South Korea’s Redwood Global and Korea Omega Healthcare fun...

Trilegal has confirmed its vote to admit AZB & Partners Mumbai partner Harsh Maggon into its partnership and corporate practice.

Vertafore, the leader in modern insurance technology, acquired VUE Software (VUE) in India and the US to complement its Sircon solutions and created the most powerful insurer distribution management platform in the industry, according to the company’s press release . Insurtech provider Vertafore has...

Kotak Investment Advisors bought secured, debentures from Vascon for an aggregate amount of INR 1.1 Billion, according to a stock exchange filing . AZB & Partners advised Kotak Investment Advisors Limited led by a team of partner Ashwath Rau , with lawyers Atreya Bhattacharya and Ananya Sonthal...

Giriraj Renewable Private Limited is a project company, which was established to build, own and operate solar power projects and supply power via long term power purchase agreements to Federal and state power distri-bution companies and Commercial and Industrial end-users. The project company target...

Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the Gulf’s fifth-biggest lender with about $114 billion in assets. — Bloomberg All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when y...

Reliance Industries-controlled Reliance Industrial Investment and Holdings Limited (RIIHL), has picked up majority stakes in two companies, Grab A Grub Services and C-Square Info Solutions, the petroleum-to-retail-to-telecommunications conglomerate announced on Saturday. In two separate filings made...