Kotak Mahindra Bank… launched qualified institutional placement (QIP) offering to raise up to ₹7,500 crore. The bank has set a floor price of ₹1,147.75 per share for the offering. QIP is a tool used by listed companies to sell shares or other securities to qualified institutional buyers such as mutu...

Networking giant Cisco acquired 42hertz, the SaaS-based from Bangaluru.

— Varindia

AZB & Partners advised Cisco Systems Inc led by a team of partners Gautam Shah, Dushyant Bagga and Sachin Mehta, and senior associate Harshit Chandra.

2019-08-08

Deal value: Confidential

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US – Data collection and research services firm Schlesinger Group has acquired online sample and survey research company Market Cube. — Www.Research-Live.Com AZB & Partners advised Gauge Capital / Schlesinger Global, LLC led by a team of partners Ashwath Rau , Prerak Ved , Hufriz Wadia , Veena ...

Private sector lender Axis Bank … said it would acquire an additional 29 per cent stake in Max Life Insurance for an estimated price of Rs 1,592 crore, raising its total holding in the life insurer to 30 per cent after the completion of the deal. — Business Standard Cyril Amarchand Mangaldas advised...

The Board of Bharti Airtel has launched a qualified placement of shares worth $2 billion and overseas convertible bond issue for raising another $1 billion. The amount raised will be used for payment of statuary dues and capital expenditure. — The Economic Times AZB & Partners acted for Bharti ...

Tata group Wednesday announced the transfer of its branded food business from Tata Chemicals Ltd to Tata Global Beverages Ltd in an all shares deal that will create an over Rs 9,000 crore giant. — Business Standard AZB & Partners advised Tata Chemicals Limited (“TCL”) led by a team of Corporate...

The line of investors patiently queuing outside Reliance Industries’ frontdoors has only been getting longer, though the lines of law firms has remained a by-now routine short list of AZB, SAM plus a new international firm. Shardul Amarchand Mangaldas’ national head of corporate, Raghubir Menon, com...

For the fourth consecutive record-busting investment in everyone’s darling, all of which have had AZB and SAM on it (see Facebook , Silver Lake , Vista ), no prizes for guessing who got this round in law firm land. However, international law firms seem to all be getting a good stab at representation...

Whoever said we are looking at a mammoth recession and slower capital markets? Not the legal advisers close to Reliance Industries… After now four gigantic rounds of fundraising for its subsidiary Jio Platforms, Reliance Industries (RIL) is issuing Rs 53,125 crores of equity in what is billed as Ind...

The US based private equity firm The Carlyle Group has agreed to acquire 74% stake in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India, for $210 million (Rs.1587 crore), company said on Friday. Carlyle will buy shares at a price of Rs.86 apiece. — The Economic Tim...

[Pennsylvania] Sagent Lending Technologies (“Sagent”), a leading mortgage servicing technology provider, today announced a definitive agreement to acquire ISGN Corporation (“ISGN”). The acquisition will expand Sagent’s loan servicing solutions and further demonstrate an ongoing commitment to the bro...

IDFC First Bank … disclosed plans to raise ₹2,000 crore via a preferential issue to ICICI Prudential Life Insurance Co., HDFC Life Insurance Co., Bajaj Allianz Life Insurance, Dayside Investment (Warburg Pincus group), and the bank’s promoter, IDFC Ltd, among others. — Mint AZB & Partners advis...

French oil and gas major Total SA… announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore. — The Times of India AZB & Partners advised Total Holdings SAS led by a team of...

It will surprise no one anymore that as Reliance’s 200-pound telecoms behemoth Jio has taken the third round of mega funding in as many weeks, two Indian law firms have been there every billable hour of the way: no doubt much welcome in these tough times. Private equity firm Vista Equity Partners sa...

Following the two firms (plus five others) bagging what is quite likely to be the biggest Indian inbound M&A of the year with Facebook’s $5.7bn investment in Reliance Jio, near identical teams at the two firms have scored a second very similar (if slightly smaller) mandate in a follow-up round:...

In one of India’s biggest transactions to help build a property investment platform, private equity major Warburg Pincus has entered into a $1-billion alliance with developer Runwal Group to fund retail-led mixed-use projects across the country. ET was the first to report on the platform’s establish...

Shapoorji Pallonji Infrastructure on Monday announced that it will sell five operational solar energy assets to KKR for ₹1,554 crore. — Mint Khaitan & Co advised regular infrastructure Shapoorji Pallonji Infrastructure Capital Company Private Limited led by a team of partner Akhil Bhatnagar , p...

City-based realty player Lodha Group has partnered with Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) to develop an industrial park in Thane district at a cost of USD 100 million. The 50:50 joint venture between the two companies will develop 89 acres of land parcel in an industria...

New Delhi, 06th April, 2019: NIIT Technologies Limited, a leading global IT solutions organization, today announced that it has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stak...

Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. — The Economic ...