Reliance Industries is buying 66% of Den Networks via a primary investment via preferential issue of Rs 2,045 crore and a secondary purchase of Rs 245 crore from the company’s promoters, according to reports . Link Legal India Law Services acted for Den Networks and its promoters, led by partner Anu...

Bain Capital and Vista Equity Partners-backed Superion, has taken over US-based Aptean and its Indian subsidiaries, a company working in public sector and health-care space, according to Bloomberg . AZB & Partners advised Bain Capital led by partners Ashwath Rau and Anu Tiwari , senior associat...

“Fonterra, the world’s biggest dairy exporter has entered into an equal joint venture with Future Group to launch dairy products in India,” reported the ET . AZB & Partners advised Fonterra Co-operative Group Limited led by partner Ashwath Rau , partner Aditya Singh Chandel on tax, and senior a...

“Fairfax India Holdings Corporation, a part of Canadian billionaire Prem Watsa’s Fairfax Holdings, is gearing up to increase its equity interest in the city-based Sanmar Chemicals Group to 43% from the existing 30%,” reported The Hindu . AZB & Partners advised Fairfax India led by partner Roxan...

“The Asian Development Bank (ADB) has agreed to invest $10 million (Rs 68.7 crore) in DCDC Health Services Pvt. Ltd, which operates dialysis centres under the brand Deep Chand Dialysis Centre,” reported VCCircle . AZB & Partners advised Asian Development Bank (ADB) led by partners Gautam Saha a...

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.

“Private equity firm Everstone Group-backed industrial real estate company IndoSpace and modern logistics and technology-led solutions provider GLP have entered into a long-term strategic partnership. As part of the joint venture (JV), GLP will co-invest in IndoSpace’s managed investment vehicles,” ...

Acquisition by Axis New Opportunities AIF – I and PI Opportunities Fund – I and Premji Invest of approximately 4% stake in SBI General from State Bank of India, as reported by NDTV and others. AZB & Partners advised Axis New Opportunities AIF – I, a scheme of Axis Alternative Investment Fund - ...

Acquisition by Ascent Health and Wellness Solutions, Bessemer India Capital Holdings, The Fundamentum Partnership Fund, Eight Roads India Ventures, F-Prime Capital Partners healthcare fund, TIMF, Medi Assist Healthcare Services Limited (“Medi Assist”) and others of 30.14% of the share capital of 91S...

AZB & Partners has promoted banking counsel Hufriz Wadia and insolvency consultant Suharsh Sinha as partners in its Mumbai office.

US-headquartered legal process outsourcing (LPO) provider UnitedLex, which has significant operations in India and must have recruited at least hundreds of graduates from Indian law schools since its founding in 2006, has been sold in entirety to CVC Capital Partners, reported VCCircle . The deal am...

Tata Steel has signed a definitive agreement to buy the steel business of specialty steel and wire rope maker Usha Martin, which could be valued at Rs 4,600 crore, reported moneycontrol . Tata Steel had reportedly beaten rival bidders Vedanta, JSW Steel and Kalyani Steels to the steel assets of the ...

AZB & Partners senior associate Esha Pruthi has joined Home Credit India’s legal team of 16 as assistant vice president (AVP) legal in Delhi.

Denmark-based Maj Invest Financial Inclusion Fund together with existing strategic shareholder, Muthoot Finance have invested around Rs 202.6 crores ($28m) in NBFC-MFI, Belstar Investment and Finance Private Limited, as reported by Business Standard . As per the reports, Maj has picked up an 11% sta...

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

Varde Partners and Aditya Birla Capital have announced a 50:50 joint venture to invest in distressed assets in India, reported Mint and others, initially investing Rs 100 crore of capital in the company. Trilegal acted for Varde Partners , led by partner Yogesh Singh , counsel Ankush Goyal , senior ...

“Safecrop Holdings Pvt Ltd, a consortium of investors, including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed a definitive agreement with the shareholders of Chennai-based Star Health & Allied Insurance Company Ltd to acquire their shares. While the company and investors ...

“Tata Power, India’s largest integrated power company, today announced that its board has approved the sale of its defence business to Tata Advance Systems Ltd, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs2,230 crore,” Mint reported in March.

Many Indian firms have been looking to do more of knowledge management (KM) for many years, with an eye on their foreign counterparts, but the immediate pressures of earning revenues and servicing clients often get in the way. At AZB & Partners, Bhavi Sanghvi, has now transitioned from corporate, M&A and private equity partner to full-time knowledge management, heading up its KM function for the past month-and-a-half.

Further to our report last week, Trilegal has today voted to admit former partners of AZB & Partners, Ganesh Rao and Aditya Jha, as partners in its asset management and funds practice in Mumbai, growing its partnership to 44.