UK mid-market private equity firm Equistone Partners Europe has struck a deal to acquire the knowledge services arm of Moody’s. — PENews Cyril Amarchand Mangaldas handled the India leg of the deal for Equistone Partners Europe led by a team of managing partner Cyril Shroff and included partners Gaut...

KKR & Co. Inc … said it has bought a majority [90%] stake in education services provider EuroKids International Pvt. Ltd from its existing investor consortium led by Gaja Capital. — Mint Pioneer Legal advised the seller, Gaja Capital , led by a team of partners Satish Kishanchandani , partner M...

Aditya Birla Capital Ltd … said its board has approved raising ₹2,100 crore through preferential allotment to marquee investors and promoter group entities. The equity capital will be raised at ₹100 per share, a 10.62% premium to ABCL’s closing price of ₹90.40 as of 4 September 2019, the company sai...

Bangalore International Airport Ltd (BIAL), the operator of Kempegowda International Airport in Bengaluru, has achieved financial closure for its ₹13,352-crore infrastructure expansion that includes construction of Terminal 2 and associated projects. — Hindu Business Line Desai & Diwanji advise...

Adani Power … said it has received the Letter of Intent (LoI) to acquire the insolvent Korba West Power Company (KWPCL) after the latter’s Committee of Creditors (CoC) approved Adani’s resolution plan for KWPCL. — Business Standard The insolvency was approved on 24 June 2019. L&L Partners advis...

L&L Partners’ corporate partner Vishwanath Pratap Singh, whom we had first reported to have left in April, will be joining Cyril Amarchand Mangaldas (CAM) in the coming days, coinciding with Trilegal corporate partner Ravindra Bandhakavi’s move that will also complete in the next few days.

Cyril Amarchand Mangaldas Delhi-based partner Sourav Kanti De Biswas has joined gazillion-dollar-valued hotel chain Oyo as vice president legal last month.

Cyril Amarchand Mangaldas (CAM) Mumbai-cum-Delhi-based competition partner Bharat Budholia has resigned several weeks ago, we have learned from authoritative sources.

Subhash Chandra’s Essel Group agreed to sell stake in Zee Entertainment Enterprises Ltd. to Invesco Oppenheimer, helping promoters of India’s largest broadcaster repay lenders. Invesco Oppenheimer Developing Markets Fund will acquire up to 11 percent stake in Zee from its promoters for Rs 4,224 cror...

AZB & Partners has hired Cyril Amarchand Mangaldas (CAM) Mumbai partner Nikunj Maheshwari in its banking and finance practice.

Canadian investment firm Brookfield Asset Management Inc. will invest Rs 25,215 crore ($3.66 billion) in Reliance Industries Ltd’s telecom tower assets in the single-biggest private equity deal ever in India. — VCCircle The funds will be invested in a to-be-issued InvIT by Tower Infrastructure Trust...

A clutch of investors including Beijing-based Asian Infrastructure Investment Bank (AIIB), Germany’s DEG, International Finance Corporation and Indian group HEG have invested in an infrastructure investment trust ( InvIT ) formed by Delhi-based infrastructure firm Oriental Structural Engineering (OS...

Adani Ports and Special Economic Zone Limited (“APSEZ”) completed the listing of unsecured senior notes aggregating to USD 750 million by on the Singapore Exchange, according to stock exchange filings . L&L Partners advised Joint lead managers , Barclays, Citi, DBS, Emirates NBD, JP Morgan, Mer...

Propelld, a Bengaluru-based fintech startup that enables student education loans … announced that it has raised Rs 15 crore from Stellaris Venture Partners and India Quotient. — Yourstory AAS Regina Legal advised Propelld led by a team of partner Ankita Singh , strategic advisor Ajay Anand , and ass...

Former Securities and Exchange Board of India (SEBI) executive director Usha Narayanan, who had served with the regulator for 21 years and had joined what-was-then Amarchand Mangaldas in 2012 as an of counsel Mumbai, has passed away at age 65 after a battle with cancer.

B&P advised QAL on acquisition of 100% of Charosa Wineries Limited from HCC Real Estate Limited, according to reports . Grover Zampa Vineyards Ltd and one of its investors, Dubai-based Quintela Assets Ltd, have bought Charosa Wineries Ltd for Rs 1.76 crore (around $250,000) from engineering and...

Sterlite Power Transmission and US private equity giant KKR have agreed to be cosponsors and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid T...

French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allot...

With effect from 1 July, Cyril Amarchand Mangaldas has promoted 19 of its lawyers to partnership, growing its total partnership size to 132, with its total fee-earner headcount now standing at 737.

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor. — Business Standard L&L Partners advised Mintifi Private Limited led by a tra...