Online micro-lending platform SMECorner, operated by DigiKredit Finance has raised around Rs 47.5 crores (approximately $7m) through a mix of equity and debt from Capital First, existing investor Accion Africa-Asia Investment Company along with investment from a clutch of high net worth individuals,...

“Belgium-based Aliaxis SA has agreed to acquire the 40% stake it doesn’t already own in joint venture Ashirvad Pipes Pvt. Ltd from the partner Poddar family,” reported VCCircle . Debevoise & Plimpton partners Geoffrey P Burgess , Lord Goldsmith QC and Samantha J Rowe with associates Shashwat Pa...

Bhubaneshwar-based microfinance lender, Annapurna Finance has raised Rs 155 crores ($23m) from Oman India Joint Investment Fund II, a mid-market private equity firm backed by Oman’s State General Reserve Fund and State Bank of India, as reported by VC Circle and Mint . The current fund-raise marked ...

Chicago-based private equity firm Madison Deaborn Partners have entered into an agreement to acquire global relocation and moving services provider SIRVA for an estimated value of over $10m, as reported by PR Newswire . AZB & Partners acted as the Indian legal counsel to Madison Dearborn Partne...

Japan’s Mitsubishi Chemical Corporation will buy the PVC compound business of Mumbai’s Welset Plast Extrusions, which is engaged in master batch (including PVC master batch) and PVC compound businesses. The transaction will complete in autumn of this year, according to Mitsubishi’s press release.

AZB & Partners has hired Shreya Rao, the founder of Rao Law Chambers, as a partner in Bangalore to co-head its private client practice. She will join from 20 June with her team of two lawyers.

Aparna Mittal, who had left the partnership of AZB & Partners in September 2017, has started a consultancy focusing on gender, policy and law.

“Larsen & Toubro, India’s largest engineering and construction company, will sell its electrical and automation business to European multinational Schneider Electric for Rs14,000 crore. This is part of L&T’s stated move to prune non-core businesses. The deal is subject to receiving regulat...

Sunil Mittal-led mobile infrastructure major Bharti Infratel has announced the merger with Indus Towers to create a combined entity with an equity value of Rs 96,500 crores ($14.6bn), making it the world’s second largest telecom tower company after Beijing-owned China Tower, with more than 163,000 towers and having presence in all the 22 circles in India, reported Business Standard and Mint.

Jubilant FoodWorks has entered into a joint venture agreement with Golden Harvest QSR, a subsidiary of Golden Harvest Agro Industries to launch the world’s largest pizza chain, Domino’s Pizza in Bangladesh, as reported by The Economic Times and Mint . Post the investment, Jubilant Foodworks will be ...

Global private equity major, KKR and its affiliate KKR Mauritius PE Investments, has sold around 6% of its stake in Coffee Day Enterprises, which operates the popular coffee retail chain Café Coffee Day for Rs 405 crores (around $62m) through open market transactions, reported VC Circle and The Econ...

AZB & Partners Delhi partnership, following four recent promotions in Mumbai and Bangalore, has promoted five to partner (pictured above, left to right):

AZB & Partners acted on the biggest and greatest number of deals in the first quarter (Q1) of 2018, topping the charts across league tables published by mergermarket (MM) as well as by Bloomberg and Thomson Reuters (TR).

Legal technology consultant and (Cyril) Amarchand alumnus Eshan Sharma, has joined AZB & Partners on 2 April as its chief operating officer (COO).

NLU Delhi has already placed 23 out of 78 students who will graduate LLB next year, including four foreign firm vacation schemes, with 10 of those jobs gained during the 24 March ‘Day Zero’ of recruitment at the law school.

Global leader in loyalty and customer engagement, Affinion Group has acquired Pune-headquearted Tavisca Solutions, one of Affinion’s top technology partners and a leading provider of innovative technology to the travel industry, as per the press release by Affinion . AZB & Partners acted as the...

AZB & Partners has promoted 4 of its associates to partner level, three of whom in Mumbai had all joined AZB from Cyril Amarchand Mangaldas (CAM) in the last two years, with or shortly after partner Ashwath Rau had moved.

Private equity giant KKR-backed investment platform Emerald Media has picked up a significant minority stake in Global Sports Commerce and its global affiliate Techfront for Rs 520 crores ($80m), through a combination of primary and secondary investments, as reported by Yourstory and The Economic Ti...

“In a deal led by Reliance Jio director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

“Fortis Healthcare announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital. The Fortis Healthcare board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals. The resultant entity, Manipal Hospitals, will be a publicly traded ...