Value Line Pte. Ltd, an affiliate of KKR Asian Fund II L.P., sold 6,500,000 equity shares of SBI Life Insurance Company Limited, constituting around 0.65% of the issued and paid-up share capital of SBI Life Insurance Company Limited. Private equity giant KKR & Co. has scored benchmark returns b...

Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development arm of investment firm The Xander Group Inc., has acquired the Trilium shopping mall portfolio from Tata Realty and Infrastructure Ltd (TRIL) for $100 million. — Mint AZB & Partners advised Tata Realty and Infrastructure Limited...

Student Housing Startup Stanza Living Raises Funds From Billionaire Sam Zell: Stanza Living has raised undisclosed funding from Equity International — Inc42 AZB & Partners advised Equity International Management led by a team of partners Srinath Dasari and Nanditha Gopal , and senior associate ...

Lupin has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co. to Plutus Ltd for an enterprise value of 57.36 billion yen, or ₹3,702 crore. The Mumbai-based drugmaker will get 32.6 billion yen, or ₹2,104 crore, in cash from the sale of...

In the largest single commercial property transaction, global insurance and asset management major the Allianz Group’s joint venture entity with Shapoorji Pallonji Group has acquired nearly 2.5 million sq ft IT SEZ property Waverock in Hyderabad for around Rs 1,800 crore, said two persons with direc...

Global alternative asset manager Investcorp has closed an estimated $45 million (about Rs 323 crore) funding round in dialysis services provider NephroPlus, in the process, providing an exit to one of the Hyderabad-headquartered company’s existing investors. The latest transaction will see SeaLink C...

Private equity firm Advent International (Advent) has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines Limited for an undisclosed sum. Bharat Serums is a biopharmaceutical player in women’s healthcare, assisted reproductive treatment, critical care and emerg...

AZB & Partners has hired L&L Partners Mumbai corporate and infrastructure partner Aditya Periwal in its Mumbai office.

Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on business consolidation and new technologies, said company chair Madhavan Menon. — Bu...

Infra.Market, a Mumbai-based B2B online procurement marketplace for real estate and construction materials on Monday said that it has raised $20 million in Series A funding round led by Tiger Global, Nexus Venture Partners, and existing investors Accel Partners. The company plans to use the freshly ...

Infra.Market, a Mumbai-based B2B online procurement marketplace for real estate and construction materials on Monday said that it has raised $20 million in Series A funding round led by Tiger Global, Nexus Venture Partners, and existing investors Accel Partners. The company plans to use the freshly ...

Sunil Agarwal, long-time senior tax partner at AZB & Partners Delhi, has left the firm after having been appointed as senior standing counsel for the Government’s Income Tax Department, responsible for cases before the Delhi high court and its subordinate tribunals.

Muthoot Finance, the country’s largest gold financing company… has entered into an agreement to acquire IDBI Bank’s mutual fund unit, marking its entry into mutual fund asset management space. Muthoot Finance … has agreed to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company or a total co...

Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday. Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month. The category reserved for qua...

City Football Group Limited acquired Mumbai City FC in a deal including diligence, pre-acquisition restructuring, drafting and negotiating the transaction documentation and advising on the Indian football regulatory framework, according to ET’s Brand Equity . City Football Group (CFG) has agreed a d...

Travel services firm Thomas Cook India … said its corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru. “…the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Ltd and Travel Corporation (India) Ltd and TC Travel Ser...

Bajaj Auto Ltd, India’s second largest motorcycle manufacturer, will invest in Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute. — Mint AZB & Partners advised Bajaj Auto Limited led by a team of partners Gautam Saha and Sachin ...

Japan’s Mitsubishi Corp. is set to increase its 3% stake in TVS Automobile Solutions Pvt. Ltd (TASL) to 25%, the companies announced on Monday in Chennai. — Mint TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group,...

Acquisition by the SVF Doorbell (Cayman) Ltd., a subsidiary of SoftBank Vision Fund of certain further compulsorily convertible preference shares by which the aggregate holding will now be over 25%, according to reports . SoftBank Vision Fund, the world’s largest technology investor, is set to buy a...

Flipkart has invested $4 million (about Rs 29 crore) in customer engagement and rewards platform EasyRewardz, as the Walmart-owned e-tailer makes a strong push into the offline-to-online segment, while also staving off potential rivals such as Reliance Industries. As part of the investment, both ent...