Articles tagged with: AZB & Partners

AZB promotes counsel Punita Gupta to Delhi partnership

AZB & Partners has promoted GLC Mumbai 2010 graduate Punita Gupta to partner.

CAM brings back ‘home’ ex-AZB finserve partner Anu Tiwari 2 weeks after exit

Former AZB & Partners partner Anu Tiwari has joined Cyril Amarchand Mangaldas today in Mumbai.

AZB Mumbai financial services partner Anu Tiwari to leave

AZB & Partners Mumbai-based financial services partner Anu Tiwari is leaving the firm.

Trilegal acts for 2nd chipmaker, Qualcomm, on $100m Jio round (with AZB, etc)

It’s been raining cheques for Jio Platforms and the latest one, which came on Sunday, is from Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures has committed to invest up to ₹ 730 crore, which will translate into 0.15% equity stake in Reliance Industries’ digital unit...

JSA gets $4.5bn Google Jio piece as Big G to write 10bn cheque to India

Reliance Industries Ltd (RIL) during its 43rd annual general meeting (AGM) has announced the reeling in of Google as an investor. The company has announced Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio platforms after all regulations are met. With this, Google will be joining pa...

Trilegal also gets a Jio piece: Acts for Intel Cap on $253.8m Jio Platforms stake (with AZB, natch)

“Reliance Industries Limited and Jio Platforms Limited announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Pla...

AZB, Khaitan act on India’s Miranda Tools sale to Dormer Pramet

Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. — Company Press Release AZB & Partners advised -Miranda Tools Priv...

AZB, Pioneer act on Premji Invest takeover of Baroda’s Best Value Chem

Baroda-based specialty aroma chemicals company Best Value Chem (BVC) said Premji Invest will acquire a controlling stake in the company. — Mint AZB & Partners advised Premji Invest led by a team of partners Srinath Dasari and Nanditha Gopal , and senior associate Malaveeka Chakravarthy . Pionee...

AZB helps Carlyle win race for $490m 20% stake in CAM’s Piramal

Carlyle has agreed to pick up a significant minority stake in Ajay Piramal’s pharma business for $490 million trumping rival private equity peers KKR and TA Associates. The 20% stake sale values Piramal’s pharma business at Carlyle’s offer would value the business at around Rs 20,000 crore ($2.6 bil...

SAM, AZB help Japan’s Mitsui Fudosan, RMZ join hands for $1bn office real estate JV (Jan ‘20)

RMZ Corp and Japan’s Mitsui Fudosan have entered into a joint venture of up to $1 billion to set up commercial office spaces in Bengaluru, Mumbai and Delhi. This is the Japanese company’s maiden investment in the Indian real estate market. — The Times of India Mitsui Fudosan (Asia) Pte Ltd acquired ...

Nishith Desai bags rare non-SAM Jio investment in $1.2bn Abu Dhabi Mubadala round with AZB, Skaddens, DP

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani’s Jio Platforms for ₹9,093.60 crore, the Reliance Industries Ltd subsidiary said in a release… The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise valu...

SAM, AZB act on $750m Jio cheque from Abu Dhabi Investment Authority

Jio Platforms is set to raise Rs 5683.50 crore from Abu Dhabi Investment Authority (ADIA), the largest investment arm of the government of Abu Dhabi, by selling a 1.16% stake. ADIA is the seventh investor to pick up a stake in the Mukesh Ambani-led company in seven weeks. — The Economic Times AZB &#...

AZB, JSA delist Baring’s $400m Hexaware from BSE

Baring Private Equity Asia has taken one step closer to selling software services company Hexaware Technologies Ltd that it acquired seven years ago, starting with buying out shareholders to take it private. — Mint AZB & Partners advised Hexaware Technologies Limited led by a team of partners Z...

IC Universal, Anoma, AZB, K Law acts on $3.9m Awign Series A (Aug ‘19)

Awign Enterprises Pvt. Ltd, a Bengaluru-based operations and sales outsourcing startup, has raised its Series A round of funding — VCCircle (Paywall) Awign provides an online platform for outsourcing sales and operations through gig workers listed on their platform. IC Universal Legal advised Lumis ...

AZB acts for Accenture on buy of Ahmedabad big data tech player Byte Prophecy

Accenture has boosted its automated insights and big data capabilities in India through the acquisition of Ahmedabad-based Byte Prophecy. The acquisition adds 50 experts to Accenture Applied Intelligence. — Consultancy AZB & Partners advised Accenture Solutions Private Limited (Accenture) led b...

AZB acts on $42m Fullerton/Temasek Series D investment in Lendinkart

Fintech digital lender Lendingkart Technologies Private Limited has raised ₹319.24 crore as part of its Series D round led by existing investors Fullerton Financial Holdings Pte Ltd, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient. — Mint AZB & Partners advised Fullerton Fina...

AZB acts for Warburg on $39m, 22% investment by UK Climate Investments Apollo (Apr ‘19)

UK Climate Investments Apollo Limited acquired 22% in Clean Max Enviro Energy Solutions Private Limited, for which Warburg Pincus is an existing shareholder, according to reports . AZB & Partners advised Yellow Bell Investment Limited, an affiliate of Warburg Pincus LLC, led by a team of partne...

AZB advises Actis on $30m injection for Pine Labs’ acquisition of Qwikcilver (Apr ‘19)

Actis portfolio company, Pine Labs, India’s leading merchant platform company, has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for USD 110 million, subject to closing conditions. The transaction has been funded from the company’s cash reserves a...

AZB advises Actis on $30m injection for Pine Labs’ acquisition of Qwikcilver (Apr ‘19)

Actis portfolio company, Pine Labs, India’s leading merchant platform company, has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for USD 110 million, subject to closing conditions. The transaction has been funded from the company’s cash reserves a...

AZB helps Everstone buy Sahyadri hospital chain in Maha (Apr ‘19)

The Everstone Group (Everstone), has signed an agreement to acquire a controlling stake in Sahyadri Hospitals Limited (Sahyadri), the largest hospital chain in Maharashtra. The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in next five years....