Thomas Cook (India) Ltd. today said its board has approved corporate restructuring , subject to regulatory approvals, through composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals. — Bloombergquint AZB & Partners advised Thomas Cook (Indi...

Mahansaria Family Wednesday announced signing a pact with Swedish engineering company Trelleborg to set up a tyre manufacturing facility for two-wheelers in the country. The joint venture will be 76 per cent owned by the Mahansaria Family and the rest 24 per cent by Trelleborg, a release said. — The...

Private equity firm Kedaara Capital has acquired a Gurugram-based auto component firm - one of Asia’s largest aluminium die casting and piston makers - in a deal that ranks among the top five PE … — VCCircle The target was Sunbeam Auto Private Limited. AZB & Partners advised Kedaara Capital Fun...

(Reuters) - Johnson Controls International Plc (JCI.N) said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion. — Reuters AZB & Partners advised Johnson Controls Inc. led ...

KUALA LUMPUR/SINGAPORE - Malaysian sovereign wealth fund Khazanah Nasional is selling a 16 percent stake in IHH Healthcare Bhd to Japan’s Mitsui & Co Ltd for about $2 billion in cash, kicking off a restructuring of its portfolio under a new government. — Reuters AZB & Partners advised Mits...

“Honeywell International Inc.HON recently announced to have progressed with its portfolio transformation strategy, having declared spin-off dividends of shares of Resideo and completing the divestment of Garrett Motion Inc,” according to Nasdaq . AZB & Partners advised Honeywell International I...

Acquisition by NCR of 100% of the stock of StopLift Inc. (parent company of StopLift India) from its stakeholders and the minority stake held in StopLift India, resulting in a complete acquisition of the StopLift group. AZB & Partners advised NCR Corporation led by a team of partners Ashwin Ram...

“Elephant Capital, a private equity business focused on the Indian market and India-related opportunities. Operating from London and Delhi, it has invested in the iconic magazine for children, Amar Chitra Katha,” according to VCCircle and has divested its stake in September 2018, according to Elepha...

Capillary Technologies, which offers customer relationship management software and marketing analytics for retailers, has received an undisclosed amount of funding led by an affiliate of its existing backer Warburg Pincus. — Dealstreetasia AZB & Partners advised Swanland Investment Ltd, an affi...

Hyper local delivery start-up Shadowfax Technologies Pvt. Ltd Tuesday said it has raised $22 million in a Series C funding round led by NGP Capital (formerly Nokia Growth Partners). — Mint J Sagar Associates advised Eight Roads Ventures led by a team of partner Manvinder Singh ; senior associate Son...

Amansa Capital has acquired a minority stake in Jana Small Finance Bank (formerly known as Janalakshmi Financial Services), a small finance bank registered with the Reserve Bank of India. Jana Small Finance Bank is one of India’s largest microfinance and small finance bank. L&L Partners advised...

Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. The acquisition will be undertaken through a series of transactions, including ...

Fortis Healthcare … said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 cro...

Pfizer Inc and GlaxoSmithKline plc today announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands. The Boards of Directors of both companies have unanimously approved the transaction under which Pfizer will contribute its consumer...

Piramal Enterprises Limited and Ivanhoe Cambridge have announced an equity investment of Rs 500 crore for development of Palava, a smart city being developed by Lodha Group, located in the Mumbai Metropolitan Region. — Moneycontrol Veritas Legal advised Lodha Developers Limited led by a team of part...

Online fashion and beauty products retailer Nykaa has raised $14.4 million from private equity firm TPG Growth Capital, documents sourced from business intelligence platform Paper.vc showed. — Mint Veritas Legal advised TPG Growth IV SF Pte Ltd led by a team of partner Nandish Vyas , senior associat...

Singapore’s sovereign wealth fund GIC has acquired a ‘significant minority’ stake in Provenance Land for an undisclosed amount, the realty firm said. GIC had in December last year bought 33.34 per stake in DLF’s rental arm DLF Cyber City Developers Ltd (DCCDL) for about Rs 9,000 crore. — The Economi...

Private equity fund Zephyr Peacock India Growth Fund has led a ₹55 crore funding round in Shiksha Finance, a Chennai-based education finance company, said a senior executive. — Mint Samvad Partners advised Shiksha Financial Services India Private Limited led by a team of partner Natasha Mahajan ; as...

“Some of the other finance deals closed by General Atlantic include Karvy Fintech, IIFL Wealth Management, BillDesk, IndusInd Bank and NSE. Värde’s known bets in India include its stressed asset joint venture with Aditya Birla ARC and an investment in Altico Capital India,” VCCircle reported. Shardu...

“Sapphire Foods, the largest franchisee of Yum! Brands Inc. in the Indian subcontinent, has raised ₹ 225 crore in a fresh round of funding led by Edelweiss Private Equity, said a senior executive of the company. Existing investor Goldman Sachs, too, participated in the round, said Sanjay Purohit, gr...