US-based fund manager, Global Infrastructure Partners (GIP) along with co-investors have announced the acquisition of Asia’s largest renewable energy firm, Equis Energy through a 100% cash deal, as reported earlier by VC Circle and The Economic Times. The deal is considered to be the the largest renewable energy generation acquisition in history and was completed on January 19, 2018.

Canadian billionaire Prem Watsa-owned Fairfax India Holdings has entered into an agreement to acquire a 51% stake in Kerala-based Catholic Syrian Bank for an estimated Rs 1,200 crores ($186m) through a full equity infusion, as reported by The Economic Times and Mint. The deal, subject to shareholder and regulatory approvals, is expected to close in the first half of 2018, paving way for the first acquisition of an Indian bank by a foreign non-banking financial entity.

India’s leading integrated business services provider, Quess Corp has completed its acquisition of job listing platform Monster.com’s business in India, South East Asia and the Middle East from Monster Worldwide for an estimated Rs 89.6 crores ($14m), as reported by VC Circle and The Economic Times ...

Piyush Mishra, former projects partner at Cyril Amarchand Mangaldas (CAM) Delhi, who had resigned four months ago, yesterday joined AZB & Partners in Mumbai as a partner.

Reliance Industrial Investments and Holdings, a wholly owned subsidiary of RIL has proposed to acquire a 65% stake in Indian Film Combine for Rs 1,105 crores ($171m) from its existing shareholders, as reported by Mint and Business Standard . As per the BSE filing, RIIHL will be acquiring 20% of the ...

Singapore-based Fullerton Financial Holdings along with existing investors has picked up over 25% stake in Bengaluru based online lending startup, Lendingkart Technologies by raising an estimated Rs 565 crores ($87m) equity capital in a Series C funding round, making it one of the largest in the SME...

CK Birla-owned BirlaSoft and KPIT Technologies together have announced an open offer to the minority shareholders of KPIT, to merge and create a Rs 4,585 crore ($716m) combined entity thereafter splitting into two publicly traded units - a $200m automotive engineering and mobility solutions company ...

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India’s largest e-payments brand Paytm as a director, reported Business World.

Symbiosis Pune 2009 alumnus Utpal Kant and RMLNLU Lucknow 2011 alumnus Prashant Kanha started up corporate and litigation firm Sequitur in Noida this month, and helped Pune based backpacking hospitality platform Backpacker Panda raise $1.4m.

Khaitan & Co has filed more IPO drafts than any other firm in 2017 just ahead of Cyril Amarchand Mangaldas, in a market where downward pricing pressures have made it tough across the board.

Ascendas India trust, part of the Ascendas-Singbridge Group has completed the acquisition of six warehouses in Panvel near Mumbai with logistics and supply chain company, Arshiya through a sale and leaseback agreement for an estimated Rs 534 crores (around $84m), as reported by The Economic Times . ...

The stake sale to the subsidiary of Chinese e-commerce giant Alibaba, values the online food ordering biz Zomato at $1.1bn, and has seen law firms AZB, Trilegal and JSA secure roles. Zomato has raised $150m from Ant Small and Micro Financial Services Group (Ant Financial), which is a payments affili...

NYSE listed Fortune 500 company, Arrow Electronics has successfully completed the acquisition of Ahmedabad and California-based product engineering and software R&D services company eInfochips, through its Indian subsidiary for an estimated consideration of Rs 1900 crores (around $300m), as rep...

Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.

Kolkata-based private sector lender, Bandhan Bank, has filed draft papers with markets regulator SEBI for its initial public offer (IPO) to raise an estimated amount of over Rs 2,500 crores (around $391m) through a mix of primary and secondary share sale of equity shares, as reported by MoneyControl...

India’s second largest IT company Infosys, offered a share buyback programme to acquire approximately 20% of the aggregate paid-up equity share capital and free reserves of the company for a total consideration price of Rs 13,000 crores (around $2.03 billion), as reported by The Economic Times and a...

The PE real estate arm of Godrej Group, Godrej Fund Management is set to enter into an agreement with US-based private equity firm New Vernon Capital to buy its IT park at Thane for an estimated Rs 400 crores (around $62.5m), as reported by The Economic Times . The deal shall be concluded through 10...

The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

Shardul Amarchand Mangaldas acted for Capital First , led by Mumbai area managing partner Akshay Chudasama , and the M&A team led by partner Ashni Roy , and associates Akansha Singh and Neha Shaw . The firm’s banking and finance team was led by partner Veena Sivaramakrishnan , consultant Gopalk...

AZB & Partners and Shardul Amarchand Mangaldas (SAM) acted on the biggest and greatest number of deals respectively, according to mergermarket (MM), which captured far fewer deals than both Bloomberg and Thomson Reuters databases that we had reported last week, in part due to its different deal eligibility criteria (see below).