“Sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority (ADIA) will invest a combined $450 million (around Rs3,000 crore) in Greenko Energy Holdings in one of the largest funding rounds by an Indian clean energy producer,” reported Mint . AZB & Partners advised GIC and i...

“Hospitality firm OYO today said it has acquired wedding banquet company Weddingz.in for an undisclosed amount,” reported New Indian Express . AZB & Partners advised OYO Rooms (operated by Oravel Stays Private Limited ) led by a team of partner Niladri Maulik and lawyers Siddharth Khanna , Niki...

“Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount. Reliance has a 70% participating interest in the oil and gas block CB-ONN-2003/1 (al...

“Promoters of Kotak Mahindra Bank, led by MD & CEO Uday Kotak, reduced their stake in the private sector lender to 19.7 per cent after the bank issued preference shares worth Rs 5 billion to investors. Before the issue, promoters held 30.03 per cent in the bank,” reported Business Standard . AZ...

“Cisco has said it will buy California and Bengaluru based July Systems, a mobile application platform provider. This move will help Cisco bolster its enterprise Wi-Fi platform to enable better indoor location services capabilities, among other offerings,” reported The Economic Times . AZB & Pa...

“Private equity firm TPG said on Tuesday it has led a $100 million (Rs 685 crore) investment round in Five Star Business Finance Ltd, which makes loans primarily to small and medium businesses,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Norwest Venture Partners led by a team ...

“SoftBank Group is investing $400 million (26.05 billion Indian rupees) in India’s Paytm E-Commerce Pvt. Ltd. in a funding round that will value the online retailer at roughly $1.9 billion, a regulatory filing showed on Monday,” reported Reuters . Shardul Amarchand Mangaldas & Co advised Paytm ...

“Epiq Capital, the growth and late-stage technology-focused investment firm set up by former Matrix Partners India Co-founder Rishi Navani, has closed its first three investments, since the Mumbai-based firm set up shop two years ago. The investment firm has placed bets on three prominent Indian sta...

“Tanla Solutions signed a definitive share purchase agreement to acquire Karix Mobile (formerly known as mGage India) and its wholly owned subsidiary Unicel from GSO Capital Partners, a Blackstone company, at an enterprise value of ₹340 crore. Shares of Tanla Solutions ended 4.91 per cent higher at ...

“City-based Star Health & Allied Insurance Company Ltd., the country’s first standalone health insurance firm, is set to change hands,” reported The Hindu . “Safecrop Holdings Pvt. Ltd., a consortium comprising WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed definitive agree...

“The long-awaited merger of Tata Steel and ThyssenKrupp is set to go ahead, as the two firms signed a definitive agreement for a 50-50 joint venture, creating Europe’s second largest steel company after ArcelorMittal,” reported Hindu Business Line . AZB & Partners advised Tata Steel Limited led...

“Bharat Innovation Fund, an early-stage, deep-tech and intellectual property-focused venture fund, affiliated with the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management (IIM), Ahmedabad, has made the first close of its fund at $50 million,” reported ...

“Cotecna Inspection S.A. is pleased to announce the acquisition of Shiva Analyticals (India) Private Limited, one of India’s leading analytical testing laboratories. The acquisition was completed on 5th September 2018,” reported Cotecna . AZB & Partners advised Cotecna Inspection S.A. led by a ...

“Stanley Lifestyles, a Bengaluru-based leather manufacturer, closed its first round of private equity funding with $24 million (Rs 1.7 billion) for a 26 per cent stake sale to Oman India Joint Investment Fund (OIJIF),” reported Business Standard . AZB & Partners advised Oman India Joint Investm...

“Manipal Education and Medical Group chairman Ranjan Pai and Centrum Group have invested around Rs 300 crore in Jana Small Finance Bank, giving the Bengaluru-headquartered firm further ammunition to fight out rivals and scale up its business,” reported TOI . AZB & Partners advised existing inve...

“National Company Law Tribunal (NCLT), Kolkata, has approved Liberty House Group’s resolution plan for … Zion Steel, the company said,” reported Business Standard about the insolvency . AZB & Partners advised resolution professional Sumit Binani and transaction advisor Grant Thornton India LLP ...

“Conduent Incorporated … announced it has entered into a binding agreement to sell its U.S. based human resource consulting and actuarial business. The deal also includes human resource consulting and outsourcing businesses located in Canada and the U.K. This business, formerly known as Buck Consult...

“The Competition Commission of India has approved the acquisition of Reliance Industries Holding’s subsidiary Pipeline Infrastructure by India Infrastructure Trust, according to a communication. The Trust is proposed to be registered as an infrastructure investment trust (InvIT),” reported Moneycont...

“The Ramky Group, which last fortnight sold a controlling stake in a group company to global private-equity major KKR in a landmark deal, has agreed to sell it’s access-controlled road asset NAM Expressway in favour of the Singapore-based toll roads operator Cube Highways for Rs 1,669 crore. The sal...

“Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment management arm of US-based Morgan Stanley Investment Management,” reported Mint . Desai &...