Tokyo-headquartered “M3 Inc has announced the acquisition of shares and consolidation of DailyRounds, Inc. (a US holding company…), which provides mobile applications and web services for doctors and medical students in India,” according to a company press release (PDF) . AZB & Partners advised...

A joint venture company to be created of the Kho Kho and Sports Promotion Trust according to ET and The Hindu.

AZB & Partners advised Kho Kho Sports League Private Limited led by a team of partner Sachin Mehta, and associates Shivranjani Ralawata and Utsav Agarwal.

2018-12-19

{incomplete}

Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, on Friday announced that it has invested approximately $72.1 million (Rs 500 crore) for a significant minority stake in Seven Islands Shipping Ltd. — Dealstreetasia AZB & Partners advised FIH Mauritius Inve...

Tata Teleservices (TTSL), the mobility division of Tata Sons, will pay American Tower Corporation (ATC) $320 million (Rs 2400 crore) as a one-time cash settlement for prematurely winding up some 30,000-odd tenancies after deciding to sell its mobility business to Bharti Airtel. Tata Tele will also s...

In a bid to diversify its business from hotel to co-working spaces, OYO has announced the acquisition of Innov8, a co-working space provider for ₹220 crore. The investors of Innov8 have taken an exit after the deal. Post-purchase, the founder of Innov8 Ritesh Malik will continue to expand Innov8 und...

Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said people aware of the matter. The fund has bought a 6.5 acre parcel in Hyderabad w...

GMR Group-controlled Delhi International Airport Ltd (DIAL) has awarded 9 lakh sq.m of land at Aerocity in the capital to Bharti Realty for development, the company said in a statement on Wednesday. — Mint AZB & Partners advised Bharti Realty Limited led by a team of partners Hardeep Sachdeva a...

Private equity player Everstone will sell its 70% stake in Rubicon Research for around ₹1,000 crore, which will fetch more than four times return on the initial investment. — Mint AZB & Partners advised Rubicon Research Private Limited , its promoters (Parag Sancheti and his family), and an exi...

Kotak Realty Fund has formed a partnership with Bengaluru-based DivyaSree Developers to start a $400 million fund that will develop and acquire commercial office assets across India. The India Office Assets Fund I is anchored by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA). ...

DLF Ltd has formed a second joint venture with global investment and development firm Hines to develop a commercial project in Udyog Vihar, Gurugram, at an investment of ₹1,900 crore, India’s largest developer said on Tuesday. — Mint AZB & Partners advised DLF Home Developers Limited led by a t...

American private equity firm Warburg Pincus said on Saturday that it had entered into definitive agreement to acquire 80% stake in Avanse Financial Services Ltd from Wadhavan Global Capital group, the PE firm said in a statement. — Mint AZB & Partners advised Warburg Pincus LLC led by a team of...

Online daily fantasy startup HalaPlay has raised Rs 40 crore Series A funding in a round led by Nazara Technologies, and Delta Corp India, two veterans in the Indian gaming world. According to a press statement shared by Nazara, the company has been looking at different opportunities in the interact...

A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastru...

Reliance Industries Thursday said it has leased 4,000 acres of land from Navi Mumbai SEZ (NMSEZ) for an initial payment of Rs 2,180 crore to develop a global economic hub. NMSEZ, as part of a tender process was allotted this land in 2006 to develop a world class SEZ. — The Economic Times AZB & ...

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has signed an agreement to invest more than ₹1,800 crore ($250 million) in ECL Finance Ltd, the non-banking financial company (NBFC) of Edelweiss Group said on Tuesday. — Mint AZB & Partners advised ECL Finance Limited led by a...

3M Co. has completed the $1 billion acquisition of M Modal’s technology business, officials announced… — Startribune AZB & Partners advised New MMI Holdings Inc ( M Modal ) led by a team of partner Srinath Dasari , and associates Veena Gopalakrishnan , Malaveeka Chakravarthy , Nishanth Ravindra...

Delta Corp., India’s only listed gaming and hospitality company, listed on Bombay Stock Exchange (BSE) as “DELTACORP” has announced through a regulatory filing on BSE that it has invested $10 million in Jalesh Cruises Mauritius Ltd. (JCML) through its subsidiary Gaussian Software Pvt. Ltd. — Gutshot...

Mahindra CIE Automotive … completed the acquisition of Aurangabad Electricals for Rs 830 crore. — Moneycontrol AZB & Partners advised Mahindra CIE Automotive Limited led by a team of partners Srinath Dasari , and associates Gautam Rego Samyuktha Santhosh. Crawford Bayley acted for the promoters...

Chennai-based real estate developer Casagrand Builder Pvt. Ltd has agreed to sell 2.2 million sq. ft of pre-leased warehousing assets of its subsidiary, Casa Grande Distripark Pvt. Ltd (CGD), to Asia Pacific logistics property specialist LOGOS, both the companies said on Monday. — Mint AZB & Pa...

Thomas Cook India Group announced its acquisition of a 51% stake in Digiphoto Entertainment Imaging (DEI) at an enterprise value of $40.6 million (Rs 289 crore). Thomas Cook said the transaction is subject to regulatory approvals and customary closing conditions. — The Economic Times AZB & Part...