Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain that is popular in Bangalore, for Rs 40.79 cr in cash. — Ultra.News Desai & Diwanji advised Future Retail Limited led by a team of partner Siddharth Mody , senior associate Rahul Deodhar , and associates Prerana Cha...

IIFL Asset Management Ltd has invested in a craft-beer maker, marking the firm’s debut deal in the alcoholic beverages segment, two people privy to the development told VCCircle. — IIFL Asset Management Desai & Diwanji advised White Owl Brewery Private Limited led by a team of partner Aneesh Gu...

Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the previously announced acquisition of ABC Bearings Ltd, a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India...

Germany-based Siemens … said its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. — Firstpost Desai & Diwanji advised Siemens Project Ventures GmbH led by a team of partner Aneesh Gupte , senior a...

India-bred private equity firm Chrys Capital is set to buy 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week. — Business Standard Desai & Diwanji advised GIC , the sovereign wealth ...

India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it has invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment proceeds will be used to repay debt, offer capital investment to optimize output...

Last April, Shell India had sold a 8.5% stake in MGL. A further 14% stake was sold in August, thus reducing its stake in the company from 32.5% to 10%. — Mint Desai & Diwanji advised BG Asia Pacific Holdings Pte Ltd (i.e. Shell ) led by a team of partner Natasha Treasurywala and associate Shrey...

“DeHaat, an online marketplace for farm products and services, said it has raised ₹30 crore in a funding round led by impact investor Omnivore. US-based agriculture investor AgFunder and several angel investors too participated in the pre-series A round,” reported Mint . Desai & Diwanji advised...

“Fosun has invested in personal finance venture Perk Finance, which focuses on offering short-term and small-ticket loans to salaried professionals in small and medium enterprises to meet their monthly expenses. Based on a consumer’s payment record, the company will also look to sell a variety of fi...

“The Chinese investor [Fosun] has also backed Gurgaon-based content platform Mylo […],” reported The Economic Times.

Joycelaw advised Mylo led by a team of founding partner Deepak Joyce.

Desai Diwanji acted for Fosun, led by partner Siddharth Mody.

2018-10-01

Deal value: US $1m

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“The Chinese investor [Fosun] has also backed Gurgaon-based content platform Mylo […],” reported The Economic Times.

Joycelaw advised Mylo led by a team of founding partner Deepak Joyce.

Desai Diwanji acted for Fosun, led by partner Siddharth Mody.

2018-10-01

Deal value: US $1m

{incomplete}

“Kansai Nerolac Paints Ltd has agreed to acquire a 100% stake in construction chemicals company Perma Construction Aids Pvt. Ltd for Rs 29.1 crore (about $4.16 million) in cash,” reported VCCircle . Desai & Diwanji advised Perma Construction Aids Private Limited and its shareholders led by a te...

“Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment management arm of US-based Morgan Stanley Investment Management,” reported Mint . Desai &...

Venture capital firm Lightbox has led a $4 million investment in Nua, a female wellness brand. Existing investor Kae Capital has also participated in this Series A funding round. Nua, operated by Lagom Labs Private Limited, creates products and services revolved around women’s health and wellness, a...

“The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund,” reported The Economic Times about NIIF’s first investment from NIIF’s strategic fund. Desai & Diwanji advised IDFC led by a team of partner Natasha Treasury...

LetsTransport, a tech-enabled logistics marketplace for intra-city deliveries, has raised Rs 100 crore (around $13.5 million) in a fresh funding round jointly led by Chinese conglomerate Fosun RZ Capital and strategic investment firm Bertelsmann India Investments, as reported by VC Circle . Desai &#...

“Tirumala buys Prabhat’s dairy business for Rs 1,700 crore: Tirumala Milk Products, south India’s second-largest player in the industry, has agreed to buy the dairy business of Navi Mumbai-based Prabhat for over Rs 1,700 crore, which will leave the latter to focus on its animal nutrition segment. Pr...

Express logistics company Spoton has been acquired by a consortium of investors led by homegrown private equity fund Samara Capital and Xponentia Fund Partners for Rs 550 crore in cash. Spoton’s acquisition is a part of Samara’s plan to create a retail ecosystem that the Mauritius-based PE firm woul...

Express logistics company Spoton has been acquired by a consortium of investors led by homegrown private equity fund Samara Capital and Xponentia Fund Partners for Rs 550 crore in cash. Spoton’s acquisition is a part of Samara’s plan to create a retail ecosystem that the Mauritius-based PE firm woul...

“US-based Avenue Capital to acquire 27% stake in Arcil: Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna,” reported Mint . Shardul Amarchand Mangaldas & Co advised Avenue Capital (Avenue India Resu...