Carlyle will buy a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million, the U.S. private equity group said on Wednesday, as it taps into the rapid growth of digital services in India. The acquisition, by an affiliate of Carlyle, will give Airtel’s Nxtra Data Ltd an ...

Reliance Industries Ltd (RIL) during its 43rd annual general meeting (AGM) has announced the reeling in of Google as an investor. The company has announced Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio platforms after all regulations are met. With this, Google will be joining pa...

CA Lotus Investments, an investment arm of Carlyle group, sold 65.51 lakh shares of Metropolis Healthcare through a bulk deal on the BSE. The offer size is 13.06 per cent of the outstanding share capital of Metropolis. Currently, CA Lotus holds 71.79 lakh shares or 14.31 per cent stake in the compan...

New Zealand’s Fonterra … agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business. — Reuters It is a leading global excipients manufacturer for the pharmaceutical industry. DFE Pha...

Shree Cement Ltd, one of India’s top three cement makers, is looking to close the acquisition of Union Cement Co. PSC by July, a few months ahead of plans, according to Subhash Jajoo, Shree Cement’s chief financial officer,” reported Mint . Freshfields Bruckhaus Deringer advised Shree Cement led by ...

Cooper-Standard France SAS divested Cooper Standard’s anti-vibration systems (AVS) business to ContiTech USA Inc (a division of Continental AG), which involved the transfer of Cooper-Standard France SAS’ equity interest in a joint venture company in India, according to the company’s press release . ...

“CPPIB, Allianz Capital Partners anchor L&T IDPL’s infrastructure investment trust: Canada Pension Plan Investment Board and Allianz Capital Partners are acting as anchor investors in the first private infrastructure investment trust in India—IndInfravit Trust,” reported Mint . Freshfields Bruc...

“Procter & Gamble has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets,” reported CNBC. The transaction involved the acquisition of Merck Limited, a listed Indian company, through Procter & Gamble Overseas India B.V, including 3,300 Merck employees. A mandatory tender offer to minority shareholders will be made for the Indian entity.

Freshfields Bruckhaus Deringer acted for Indian telecoms giant Bharti Airtel and its subsidiary Airtel Africa on a $1.25bn investment in Airtel Africa by six leading global investors including Warburg Pincus, Softbank, Temasek and Singtel. The Freshfields team was led by India practice head and corp...

Nettle Infrastructure Investment, a wholly owned subsidiary of Bharti Airtel Limited has sold a stake of 4.49% in mobile masts operator Bharti Infratel for an estimated Rs 3,289 crores (approximately USD 510 million) through block deals in the open market, as reported by Mint and The Economic Times ...

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

Freshfields Bruckhaus Deringer London-based partner and India practice head Pratap Amin has retired from the firm and is in the process of deciding whether to go independent as a consultant or joining a UK or Indian company in-house.

“The acquisition is the biggest foreign acquisition ever in India and Russia’s largest outbound deal. Billionaire brothers Shashi and Ravi Ruia have agreed to sell 98 per cent of Essar Group flagship firm Essar Oil to Russian oil major Rosneft and a consortium of oil trading firm Trafigura with private investment group United Capital Partners for $13 billion, making it the largest foreign direct investment in India.” reported The Hindu and others.

Shearman & Sterling, DLA Piper, White & Case and Allen & Overy had the largest number of recorded Indian M&A deals in the first six months of 2016, according to data intelligence provider mergermarket, each with five or four transactions.

Nirma will buy Lafarge India’s assets for $1.4bn from LafargeHolcim according to reports, with several law firms getting a slice of the action including Ashwath Rau’s old and new firm.

Shardul Amarchand Mangaldas and Simpson Thacher & Bartlett advised Blackstone on its $1.1bn (Rs 7071 crore) buy of Indian IT outsourcing services provider Mphasis from Hewlett Packard (HP) which was advised by Platinum Partners and Freshfields, as first reported by Bar & Bench , and confir...

Amarchand Mangaldas’ Mumbai-region and Davis Polk & Wardwell advised Daiichi Sankyo on the $3.2bn sale of its 8.93 per cent stake in Sun Pharmaceutical. Luthra & Luthra and Freshfields Bruckhaus Deringer advised Goldman Sachs which was the sole book runner for the deal. This deal, which wa...

Read on for the hottest M&As, fundraisings and financings of the fortnight.

Obhan & Associates acted for publisher Penguin Random House in its purchase of Ananda Publishers’ stake in Penguin Books India.

Linklaters India partner set to join Magic Circle rival.