“Visa takes minority stake in Billdesk, valuation hits $1.8 billion: Visas investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses,” reported The Economic Times . “The transaction involves a primary investment of about $200 million with a sec...

“Dr Reddy’s to sell Hyderabad API unit to Therapiva: Dr Reddy’s Laboratories said it has entered into a definitive agreement for the sale of its API manufacturing business unit in Jeedimetla, Hyderabad, to Therapiva,” reported Mint . AZB & Partners advised Dr. Reddy’s Laboratories Limited led b...

“Everstone-backed Crystal Crop Protection buys three brands from Syngenta: Agrochemical company Crystal Crop Protection Ltd has acquired three insecticide and fungicide brands from agrochemical and seeds. Delhi-based Crystal Crop said in a statement it has acquired Proclaim, Tilt and Blue Copper bra...

“Radiant agrees to acquire control of Max Healthcare: The entity resulting from the Radiant-Max Healthcare acquisition will be India’s third largest hospital chain by revenue,” reported Mint . It would create the fourth-largest entity in the space by capacity, with over 3,200 beds in 16 hospitals ac...

“TCS acquires US-based BridgePoint Group: TCS today announced the acquisition of BridgePoint Group, a US management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets,” reported Mint . AZB & Partner...

“Gruh Finance To Merge With Bandhan Bank: Bandhan Bank to merge with Gruh Finance in share swap deal,” reported Bloombergquint . Argus Partners advised Gruh Finance led by managing partner Krishnava Dutt , partner Adity Chaudhury , partner Arka Majumdar along with associates Ashish Patel , Kshitija ...

“Byju’s raises $540 million from Naspers and CPPIB: Education startup Byju’s has raised $540 million in a round led by Naspers, with participation from Canada Pension Plan Investment Board (CPPIB),” reported Medianama . Shardul Amarchand Mangaldas & Co advised Byju (Think and Learn Pvt. Ltd) le...

“Home Interiors Startup Design Cafe Raises $28.5 Mn From WestBridge Capital: The recently raised funds will be used by the company to expand its footprints in the country including Mumbai Delhi/ NCR and Hyderabad,” reported Inc42 . Shardul Amarchand Mangaldas & Co advised WestBridge Capital led...

AZB & Partners has promoted corporate, M&A and private equity counsel Kunal Kumbhat - who had joined less than a year ago after six years at Trilegal - to its partnership.

“Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel: Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 1 year as per their admitted claims and terms of resolution plan,” reported The Economic Times about the $7.3bn insolvency deal from ...

“US-based Avenue Capital to acquire 27% stake in Arcil: Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna,” reported Mint . Shardul Amarchand Mangaldas & Co advised Avenue Capital (Avenue India Resu...

AZB & Partners senior partner Ashwin Ramanathan, who has been with the firm since 2004, will resign by 1 January 2019 to become an entrepreneur.

“Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is close to buying Chennai-based information technology park SP Infocity, jointly owned by Canada Pension Plan Investment Board (CPPIB) and Shapoorji Pallonji Investment Advisors, for around ?2,300-2,400 crore,” reported Mint ....

“Thermax to acquire 100% stake in Babcock & Wilcox JV: The JV - Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES) established in 2010 has not succeeded,” reported Eqmagpro . Babcock & Wilcox India Holdings Inc exited from its joint venture arrangement in Thermax Babcoc...

“SME Lender Five Star Business Finance Raises $100M Led by TPG: Five Star Business Finance Limited, a Chennai-based registered non-banking finance company, has raised $100 million led by private equity firm TPG,” reported Inventiva.

“Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd,” according to VCCircle.

Jaipur-based NBFC Ess Kay Fincorp Limited and Rajendra Kumar Setia (Promoter) received a $42m investment from TPG Growth IV SF Pte Ltd and existing investors Norwest Venture Partners X-Mauritius (Norwest) and Evolvence Coinvest-I (Evolvence), according to ET . Baring Private Equity India AIF is also...

“FMCG major Hindustan Unilever Limited (HUL) on Monday said it will buy GlaxoSmithKline’s Indian Horlicks nutrition business for around $3.8 billion, boosting the consumer goods group’s position in a key emerging market,” reported Firstpost today. The deal covers GlaxoSmithKline Consumer Healthcare,...

AZB & Partners 2016-promoted partner Sugandha Asthana has resigned and is set to join Shardul Amarchand Mangaldas.

AZB & Partners Mumbai will hire former State Bank of India (SBI) chairwoman Arundhati Bhattacharya as a senior consultant, we reliably understand.