Oman-based National Gas Company (NGC) will partner with Singapore-headquartered Petredec to set up an LPG import and storage terminal at Krishnapatnam Port at an investment of ₹400 crore… NGC to hold 60%, LPG trader Petredec 40% in project to come up at Krishnapatnam Port. — Hindu Business Line AZB ...

Adani Transmission Limited (ATL) announced… that Qatar Investment Authority (QIA) has completed acquisition of 25.10 per cent stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML on February 10, 2020. — Business Standard AZB ...

Cube Highways acquired an NHAI four-lane toll road connecting Neelamangala and Devihalli in Karnataka - Cube Highways from Lanco Devihalli Highways, according to a company press release . AZB & Partners advised Cube Highways and Infrastructure I-D Pte Ltd (a portfolio company of I Squared Capit...

NTT DOCOMO announced that it would invest USD 20 million in the Tata Capital Growth Fund II LP in Singapore with the aim of investment focusing on growth-stage companies in India. — Thefastmode AZB & Partners advised Tata Capital Limited led by a team of partners Ashwath Rau , Pallabi Ghosal , ...

Capita PLC sold the entire share capital of Capita SIMS (India) Private Limited (a member of the Capita group) to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity . This transaction forms part of the global sale of the Education Software Solutions...

Acquisition of Velocity Tech-Sol India Private Limited and others by Navisite LLC, according to a press release . Navisite has acquired global cloud managed service provider Velocity Technology Solutions, Inc. Velocity is set to enhance Navisite’s service portfolio through the addition of deep enter...

Trilegal advised Swedish gaming studio Stillfront led by a TMT team of partner Nikhil Narendran , senior associate Jishnu Sanyal , associate Aparajita Lath , associate Krati Hashwani , associate Cheta Sheth , with corporate team partner Clarence Anthony Sweden-based free-to-play gaming studios Still...

Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly. — Business Standard The Indian logistics player acquired a majority stake in the company. AZB & Partners ...

AZB & Partners has hired former State Bank of India (SBI) managing director Arijit Basu as a senior consultant according to a press release from the firm; the exact ambit of his role was not clear at the time of going to press though it is likely to be a part-time position.

Cyril Amarchand Mangaldas (CAM) has hired AZB & Partners partner Vivaik Sharma as a funds partner in Mumbai.

Home-grown payments solution provider Pine Labs, on Monday, announced that it has raised close to $100 million from Lone Pine Capital as part of secondary and primary share sale. This investment round has taken the company’s valuation from $1.6 billion to $2 billion within a year. — Mint Phoenix Leg...

Max Financial Services Limited (MFSL) … swapped its 21.87% stake in Max Life Insurance Company Limited (Max Life) with 20.57% stake of Mitsui Sumitomo Insurance Company, the company said. — Mint AZB & Partners advised Max Life Insurance Company Limited and Max Financial Services Limited and the...

Food delivery company Zomato Media Pvt. Ltd has completed a staggered fundraise that added $660 million (Rs 4,851 crore) to its coffers at a post money valuation of $3.9 billion, its co-founder and chief executive Deepinder Goyal, tweeted… — VCCircle IndusLaw advised Zomato Private Limited led by a ...

Senvion GmbH, Senvion Netherlands, SWTPL, SIPL sold their stake in SWTPL, Senvion LLP, and SIPL to Global Renewable Energy Development Holding Company Limited, owing to the bankruptcy of Senvion GmbH. This transaction involved complex structuring given that the purchaser and the sellers are non-resi...

Based in Salt Lake City, CloudCherry is focused on developing tools for brands to enhance customer experience on their websites. Among other functions, it offers products that predictively understand how changes to customer experience changes sales outcomes and impacts financial metrics of companies...

LT Foods… said that it has entered into a shareholder’s agreement with United Farmers Investment Company in connection with a proposed acquisition of the stake currently held by India Agri Business Fund Ltd and Real Trust by the Investor in Daawat Foods. — Indiainfoline LT Foods announced that Saudi...

The board of IndusInd Bank Ltd has approved the merger between the bank and microfinance firm Bharat Financial Inclusion Ltd (BFIL), IndusInd informed the stock exchanges on Saturday. The share exchange ratio for the merger shall be 639 equity shares of the bank for every 1000 equity shares of BFIL....

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. — Thehindu AZB & Partners advised NVIDIA Corporation led by a team of partners Ashwath Rau , Nilanjana Singh , Veena Gopalak...

WGC Wealth, the erstwhile wealth management arm of the debt-laden DHFL group, has been taken over by LGT, a private banking and asset management group owned by the princely family of Liechtenstein. The company will be renamed as Validus Wealth after this buyout with employees holding some minority s...

International Finance Corporation (IFC) plans to invest $23 million in Srinivasa Farms, a move that will support the Hyderabad-based firm’s $83-million investment plans. — Business Standard AZB & Partners advised International Finance Corporation (“IFC”) led by a team of partners Gautam Saha an...