Automobile classifieds portal CarTrade.com has raised Rs 321 crore ($42.5 million) from two of its existing investors in its Series H round of financing. — VCCircle AZB & Partners advised Highdell Investment Ltd (an affiliate of Warburg Pincus ) led by a team of partners Srinath Dasari and Nand...

KEPPEL Corp’s wholly-owned subsidiary Lipalton has completed its investment into Kapstone Constructions, and now holds 49 per cent of the latter’s total voting rights. Kapstone is Lipalton’s joint venture (JV) with Indian developer Rustomjee Group, to develop the 51.4 hectare Urbania integrated town...

CDC Group, the UK’s publicly owned impact investor, has committed US$10 million to Chiratae Ventures’ Fund IV to support the growth of highly scalable, tech-enabled companies in India. — Cdcgroup AZB & Partners advised Chiratae Advisors Co. Ltd led by a team of partners Ashwath Rau and Pallabi ...

BENGALURU: Commercial office space developer RMZ is selling a large part of its operational portfolio to Brookfield Asset Management for $2 billion to reduce debt. It’s one of the biggest deals in the Indian real estate market. RMZ’s co-working business, CoWrks, will also go to Brookfield. The comme...

Delta Corp rose 1.56% to Rs 110.90 after the company said that its subsidiary, Delta Pleasure Cruise Company, will acquire up to 45% stake in Waterways Shipyard for consideration not exceeding Rs 15.50 crore. — Business Standard AZB & Partners advised Delta Pleasure Cruise Company Private Limit...

Bengaluru: Silicon Valley-based venture capital firm Bessemer Venture Partners, early backer of companies like Pinterest and LinkedIn, is leading a Rs 130-crore round of investment in online direct-to-consumer cosmetics brand MyGlamm, as investor interest in the beauty market picks up. The round has...

A private equity fund managed by JM Financial has signed a definitive agreement to acquire a significant minority stake in Coimbatore-based co-living operator Isthara Parks as the firm founded by ace banker Nimesh Kampani aims to capitalise on an institutional drive in a largely unorganised room-sha...

Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol. — Moneycontrol AZB & Partners advised Manulife Asset Management (Singapore) Pte. Ltd on...

Acquisition by Vision India Fund of Deccan Chronicle Holdings Limited pursuant to a resolution plan approved by the NCLT, according to icle/articleshow/69641903.cms reports : “HYDERABAD: Ending nearly two years-long suspense over resolution for ailing media house Deccan Chronicle Holdings Ltd, the N...

West Coast Paper Mills (WCPM) has entered into a share-purchase agreement to acquire about 51-60 per cent stake in NYSE-listed International Paper’s (IP) Indian unit, International Paper APPM Ltd. — Hindu Business Line AZB & Partners advised International Paper APPM Limited led by a team of par...

Info Edge on Thursday said its investee company Zomato has raised $160 million (about ₹1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion. — Thehindu Food delivery company Zomato Media Pvt. Ltd h...

Gamot, an investment platform formed by private equity (PE) firm PAG along with PE funds CX Partners and Samara Capital has acquired a controlling stake in Chennai-based API manufacturer Anjan Drug. — The Times of India AZB & Partners advised PAG Asia Capital HK Limited led by a team of partner...

Axis Asset Management Company’s Rs 400-crore real estate fund, Axia RERA Opportunities Fund –I, has inked a deal to invest Rs 60 crore in Chennai-based property developer Akshaya Group’s township project along Chennai’s IT corridor. — The Economic Times AZB & Partners advised Axis RERA Opportun...

Omnivore Partners, an early-stage venture investment firm, has raised $97 million for its second fund, higher than the targeted $75 million, signalling rising interest by global investors in backing impact investment funds out of India. — The Economic Times AZB & Partners advised BASF Venture C...

Indian Hotels Co. (IHCL) and Singapore’s sovereign wealth fund GIC will set up a three-year, Rs 4,000-crore investment platform to acquire hotels in the luxury, upper-upscale and upscale segments, the company said on Friday. — The Economic Times AZB & Partners advised Reco Altius Private Limite...

Insurtech provider Vertafore has announced that it has acquired VUE Software. The acquisition will complement Vertafore’s Sircon products, the company said. — Insurancebusinessmag AZB & Partners advised Vertafore Inc led by a team of partners Ashwath Rau and Anu Tiwari . 2019-04-03 Deal value: ...

Mumbai-based fintech lending startup Eduvanz Financing has raised $2 million (about Rs 13 crore) from Unitus Ventures and the Michael and Susan Dell Foundation. — The Economic Times AZB & Partners advised Michael & Susan Dell Foundation led by a team of partners Hardeep Sachdeva and Priyam...

Acquisition by Quona Capital, Reinventure Group, Ribbit Capital, Omidyar Network and PayU of certain equity stake in excess of 10% in Camden Town Technologies Private Limited, according to reports . AZB & Partners advised Camden Town Technologies Private Limited led by a team of partner Anu Tiw...

IDBI Bank… said it will sell part of its stake in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank. Ageas will acquire 23% stake, while Federal Bank will buy 4%, the lender said in a disclosure to the stock exchanges. — Mint Shardul Amarchand Ma...

Algo Legal Delhi-based partner Jitender Tanikella has joined AZB & Partners in Mumbai as a counsel today, according to his Linked-in profile.