The National Company Law Tribunal has approved a scheme of arrangement involving transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary Telesonic Networks, according to a regulatory filing. The company had in November 2017 announced it plans to transfer the ...

State-owned lender Bank of Baroda (BoB), on Friday said that it has signed a binding agreement with BNP Paribas Asset Management Asia Ltd for a potential merger of their mutual fund business, in an all-stock deal, the bank said in a stock exchange filing. — Mint AZB & Partners advised BNP Parib...

SAM bagged the mandate for Facebook and AZB for Reliance on India’s largest ever foreign-direct investment in a tech company, which values Reliance’s Jio Platform subsidiary at Rs 4.62 lakh crore (or nearly $66bn), with Mark Zuckerberg’s US technology giant buying itself a 9.9% stake in Jio Platforms Limited.

Genetic diagnostics, research and data company MedGenome has raised $55 million (about Rs 419 crore) in a new round of funding, led by global impact investment firm LeapFrog Investments, the Bengaluru-headquartered company announced on Wednesday. The company’s two existing backers, Sequoia Capital a...

Private equity giant KKR, which has been looking to expand its hospital presence in India, has stepped in to let businessman BK [Modi exit the Max Healthcare business] — VCCircle PDS Legal advised BK Modi and other entities of the Smart Group led by a team of partner Vihang Virkar , executive direct...

Sagent Lending Technologies has entered an agreement to acquire Australian mortgage technology provider ISGN Corporation.The mortgage servicing technology provider said that the acquisition would expand Sagent’s loan servicing products. Sagent also said that it aims to enhance its “comprehensive cap...

Invoice discounting platform, KredX, has raised $26 million (Rs 187 crore) in a Series B fund raise led by India’s largest invoice discounting platform on Wednesday announced its series B fund raise of $26M (Rs 187 crore) led by Tiger Global Management, along with participation from existing investo...

Colliers International, a Nasdaq-listed commercial real estate services and investment management firm, has acquired a controlling interest in Synergy Property Development Services, a Bengaluru-based project management firm. — Hindu Business Line AZB & Partners advised Colliers International In...

Genpact said it would buy digital consultancy Rightpoint, for an undisclosed amount, as the business process management company looks at boosting its ability to win digital transformation projects. Chicago-based Rightpoint was founded in 2007 and focuses on customer experience. — The Economic Times ...

Bengaluru: Ummeed Housing Finance Pvt. Ltd has raised ₹164 crore in a Series D equity round led by a fund managed by Morgan Stanley Private Equity Asia. — Mint Trilegal advised Morgan Stanley Private Equity Asia led by a team of partner Kunal Chandra , counsel Harshil Dalal , senior associate Akshat...

Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetisation platform Pokkt. — VCCircle DMD Advocates advised AnyMind Group Limited. led by a team of partner Sumit Sinha and senior associate Srikant C V . Also involved on due diligence of the Indi...

PayMate has announced that it has successfully raised a new round of growth capital to accelerate expansion within India and internationally to Central and Eastern Europe, Middle East, and Africa (CEMEA). Investors in this Series D round include Recruit Strategic Partners (Venture capital Arm of Rec...

Online baby care brand Mamaearth has raised ₹130 crore (about $18.14 million) in a round led by Sequoia Capital India, the company said on Wednesday. Existing investors Fireside Ventures, Stellaris Venture Partners and Sharp Ventures also participated in the round. — Mint Shardul Amarchand Mangaldas...

Excel Industries Ltd, India’s first domestic chemical manufacture industry will acquire the chemical manufacturing unit of NetMatrix Crop Care Limited according to a meeting between the Board of Directors of Excel Industries […]. The meeting approved the acquisition of a chemical manufacturing unit ...

Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for ₹1,495.81 crore. — Mint AZB & Partners advised HDFC Limited led by a team of partners Ashwath Rau , Rajendra Barot , Kashish Bhatia and Arvind Ramesh , senior associate...

Online gaming firm Zupee has raised $8 million in its Series A funding round led by Matrix Partners India as it looks to expand its user base. Falcon Edge Capital, WestCap Group, Orios Venture Partners and Zupee’s early stage investor Smile Group also participated in the latest round. — The Economic...

Beauty and fashion retailer Nykaa has raised Rs 100 crore from existing investor Steadview Capital, a UK-based hedge fund, the company said early on April 1, hours after it suspended operations across the country. — Moneycontrol AZB & Partners advised FSN E-Commerce Ventures Private Limited , o...

New Delhi: Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a commercial real estate project in Noida. The Rs 400 crore project, with a bu...

Xander Investment Management, the private equity real estate arm of global investment firm The Xander Group has acquired 100% interest in Weikfield IT Citi Info Park in Pune’s Viman Nagar for $130 million or Rs 900 crore. The 1.1 million-sq-ft commercial office park is leased to diversified tenants ...

AZB & Partners has promoted seven to partner in Mumbai in Delhi, with the latter making up the majority of promotions.