Dailyhunt’s parent VerSe is on a funding streak. Barely one-and-a-half months after completing a USD 100 million-plus funding round from AlphaWave, Google, and Microsoft, at a valuation of over USD 1 billion, the holding company of the local language news aggregator app has raised another USD 100 mi...

“Brookfield inks pact to acquire Leela hotels for $576 mn: Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire,” reported VCCircle . Veritas Legal advised Hotel Leelaventure Limited and its promoters led by a team of par...

Roquette Asia Pacific Pte. Ltd acquired the entire equity stake (100%) of Sayaji Sethness Limited from Sethness Products Company and its nominees, according to a BSE filing . Veritas Legal advised Clients Roquette Asia Pacific Pte. Ltd led by a team of partner Abhijit Joshi , partner Tushar Raut , s...

“UPL Corporation Ltd, a wholly owned subsidiary of agrochemical solutions provider UPL Ltd, has signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc, a global provider of innovative crop protection solutions, and its subsidiaries for approximat...

“Larsen & Toubro, India’s largest engineering and construction company, will sell its electrical and automation business to European multinational Schneider Electric for Rs14,000 crore. This is part of L&T’s stated move to prune non-core businesses. The deal is subject to receiving regulat...

“Fortis Healthcare announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital. The Fortis Healthcare board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals. The resultant entity, Manipal Hospitals, will be a publicly traded ...

US-international firm Cleary Gottlieb Steen & Hamilton has promoted three to partner this year, including London-based M&A lawyer Nallini Puri, reported The Lawyer and others.

“Terex Corporation is selling its India-based compact construction business to Manitou BF (Manitou). Manitou is a leader in all terrain material handling products. Terex Equipment Private Limited (TEPL) manufactures and sells backhoe loaders, engages in the sale of wheel loaders and contract manufactures and sells skid steer loaders,” reported Business Wire.

Baring Private Equity Asia is set to take a minority stake in cement maker Lafarge India for $265m (Rs 1400 crore), with three domestic firms and two foreign law firms advising on the deal. Lafarge was represented domestically by AZB & Partners on law and BMR & Associates on tax issues, wi...

Khaitan & Co and Herbert Smith Freehills advised the ministry of finance in the Rs 11,470 crore ($2.1bn) disinvestment of 9.5 per cent in India’s largest thermal power producer NTPC through an offer for sale.

Milbank Tweed Hadley & McCloy has hired India group lawyer Sanjeet Malik as an of counsel in its Hong Kong office from Cleary Gottlieb Steen & Hamilton where he was an associate.

AZB & Partners, Kochhar & Co, Trilegal, Zeus Law Associates, and Cleary Gottlieb Steen & Hamilton have advised on public listed Vishal Retail’s slump sale to private equity (PE) firm TPG and the Shriram Group for Rs 70 crore.

AZB & Partners, S&R Associates and Cleary Gottlieb Steen & Hamilton have advised Dutch bank Rabobank in its divestment of 11 per cent equity in Yes Bank for around Rs 980 crore ($210m) to comply with the RBI’s (Reserve Bank of India) regulation as a prerequisite to attain a full commercial banking license in India.

Cleary Gottlieb Steen & Hamilton tax partner Nikhil Mehta has resigned and entered into a retainer agreement with Amarchand Mangaldas that could see him spend up to 40 per cent of his time doing non-Indian tax advice for the firm.

Tata Steel has selected an identical roster of firms to advise on its latest fundraising in London, with Amarchand Mangaldas, Talwar Thakore Associates, Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy reprising their roles from the monster 2008 Corus acquisition-related rights issue.