“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and eastern India, and can produce 300,000 pairs of footwear a day,” reported Business Standard . Khaitan &#x...

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard . Khaitan ...

IndusLaw Bangalore disputes partner Nikhilesh Rao will join Khaitan & Co’s litigation team, as first reported by Bar & Bench.

Insight Communications & Print Solutions Private Limited sold 75% of its shares held by Ajay Aggarwal, Sangam Khanna, Angelo Lima Fernandes and Nehchalraj Singh to Japanese printing company Komori Corporation Limited, according to the company’s press release and reports . DSK Legal advised Insi...

“StanChart sells PE portfolio for $1 billion to Intermediate’s arm: The portfolio comprises private equity investments in companies across Southeast Asia, India, China and South Korea,” reported Mint.

“Sequoia-backed B9 beverages raises $50 million from Sofina: Sofinas investment in Bira is the latest by the Belgian investment firm which has backed a number of leading Indian consumer and consumer technology ventures,” reported The Economic Times . Themis Associates advised Sequoia Capital and Sof...

“McLeod Russel to sell 8 tea estates to MK Shah Exports for ₹331 crore: McLeod Russel, world’s largest tea producer, has finalised sale of eight tea estates to MK Shah Exports Ltd for a consideration of nearly ₹331 crore, according to a stock market disclosure,” reported Hindu Business Line . Argus ...

Wadia Ghandy Mumbai partner and litigator Kingshuk Banerjee is set to join Khaitan & Co as partner, as part of a larger plan at the firm to scale up its disputes practice.

Khaitan & Co principal associate Soumyadri Chattopadhyaya has joined healthcare provider Parkway Pantai India as legal counsel on Tuesday.

“DHFL to exit mutual fund business DHFL Pramerica: Housing finance firm Dewan Housing Finance Corp. Ltd (DHFL) on Tuesday said that it will sell its entire stake in mutual fund business DHFL Pramerica Asset Managers Pvt. Ltd to its [ JV ] partner US-based Prudential Financial Inc., [according to an ...

Economic Laws Practice (ELP) associate partner Tomu Francis has joined Khaitan & Co as partner in Mumbai.

“Thermax to acquire 100% stake in Babcock & Wilcox JV: The JV - Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES) established in 2010 has not succeeded,” reported Eqmagpro . Babcock & Wilcox India Holdings Inc exited from its joint venture arrangement in Thermax Babcoc...

“Japan’s Nichirei Corp leads Series D investment in meat ordering platform Licious: Delightful Gourmet Pvt Ltd, the Bengaluru-based startup that owns online meat and fish ordering platform Licious, has raised $25m,” reported VCCircle . In October 2018, Licious had also raised $25m in its Series C, b...

“Oncology chain HealthCare Global Enterprises Ltd (HCG) said it will merge its clinical lab services unit, Triesta Sciences, with Strand Life Sciences Pvt Ltd in an all-stock deal,” reported VCCircle.

Dreamplug Technologies and Kunal Shah, who operate credit card reward scheme Cred, received a primary investment via Series A funding by SCI Investments V (Sequoia), Ribbit Capital Mauritius IV, Gemini Investments L.P., Ru-Net Investments Limited, Anxa Holding Pte Ltd and M Vision Limited for $22.5m...

Khaitan & Co principal associate Shweta Dwivedi has joined Link Legal India Law Services (LLILS) as associate partner in the corporate team in Mumbai.

“RoboticWares Pvt. Ltd, which runs logistics platform FarEye, has acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction, a senior company executive said. Founded by Kushal Nahata, Gautam Kumar and Gaurav Srivastava, FarEye helps logistics firms manage their suppl...

Khaitan & Co associate partner Abhimanyu Ghosh joined multilateral development bank New Development Bank (NDB) this month as senior professional, legal.

“Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies Inc., has acquired online assessment platform Mettl for an undisclosed amount, the Gurugram-based company said in a statement on Monday,” reported Mint . J Sagar Associates (JSA) advised Mercer Consulting India , with a ...

Khaitan & Co has set out a number of progressive human resources (HR) policies to facilitate flexible working, including some additional maternity (and paternity) benefits and compensatory time-off when workloads get extreme or interfere with pre-arranged holidays.