Fortis Healthcare Limited was aquired by Malaysian-Singaporean healthcare group IHH Healthcare Berhad (through its wholly owned subsidiary, Northern TK Venture Pte Ltd), through a preferential issue of equity shares of Fortis for a consideration of Rs 4,000 crores at a price of Rs 170 per Equity Share amounting to 31.1% of Fortis’ share capital, as reported by Mint and others.

“CDH Investments and Morningside Ventures are leading an investment of $14 million in Delhi-based online used phone seller Cashify along with existing investor Shunwei, said a third source familiar with the transactions CDH Investments confirmed the investment in Cashify adding that it is likely to ...

“PolicyBazaar, along with PaisaBazaar, has secured $238 million (Rs 1,600 crore) in equity financing led by SoftBank, the world’s largest technology investor, in the process joining a rapid succession of Indian enterprises being catapulted into the once-elusive Unicorn club”, reported the Economic T...

Khaitan & Co had initially been loathe to let partner Avaantika Kakkar leave the firm to Cyril Amarchand, when we first reported her move on 14 April.

UltraTech Cement, an Aditya Birla Group company and subsidiary of Grasim Industries, has announced the acquisition of the cement business unit of BK Birla-owned Century Textiles and Industries consisting of three integrated cement plants in Madhya Pradesh, Chhattisgarh and Maharashtra and one grindi...

Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.

Phoenix Legal obtained a stay, by the Supreme Court, on the National Green Tribunal’s (NGT) order that had directed all vehicles plying at Delhi’s Indira Gandhi International (IGI) airport to be converted to using only CNG as fuel.

“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...

“Electrosteel Steels Ltd. has become the first of the twelve large stressed accounts to be resolved under the Insolvency and Bankruptcy Code. The National Company Law Tribunal has approved the resolution plan submitted by Vedanta for Electrosteel Steels,” reported the Bloomberg Quint . Khaitan &...

Khaitan & Co has now confirmed that competition partner Avaantika Kakkar will be leaving the firm. She will be going to Cyril Amarchand Mangaldas as its national competition head, as we had first reported (by a few minutes) on Saturday.

Khaitan & Co Mumbai competition co-head and equity partner Avaantika Kakkar is set to join Cyril Amarchand Mangaldas (CAM), according to several authoritative sources.

Khaitan & Co Mumbai corporate associate partner Pooja Patel, and tax practice executive director Daksha Baxi have tendered their resignations.

Khaitan & Co has promoted eight of its associate partners to equity partnership, as well as made 15 new associate partners, and one new counsel (see full list below).*

NLU Delhi has already placed 23 out of 78 students who will graduate LLB next year, including four foreign firm vacation schemes, with 10 of those jobs gained during the 24 March ‘Day Zero’ of recruitment at the law school.

Infrastructure services provider, Feedback Infra has raised Rs 685 crores (around $105m) from Asian PE manager ADV Partners through a mix of equity and debt investment, with a secondary acquisition of securities from existing shareholders L&T Infra Finance and IDFC, reported The Economic Times ...

Engineering solutions company, QuEST Global Services, has announced the acquisition of Bangalore-based advanced technology provider Exilant Technologies for an undisclosed amount, as a move for QuEST Global’s 2020 diversification strategy and enter new markets, reported VC Circle and The Hindu Busin...

Khaitan & Co Bangalore-based litigation partner Nalina Mayegowda, who had only joined a year ago from Poovayya & Co, has left to become a counsel reported Bar & Bench.

She was the fourth disputes partner in Khaitan’s Bangalore office.

Bangalore-based online B2B e-commerce platform, Udaan has secured $50m in a Series B funding round led by Russian billionaire and DST Global founder Yuri Milner’s personal investment vehicle Apoletto, along with partcipation from existing investors Lightspeed Venture Partners US and Lightspeed India...

CK Birla-owned BirlaSoft and KPIT Technologies together have announced an open offer to the minority shareholders of KPIT, to merge and create a Rs 4,585 crore ($716m) combined entity thereafter splitting into two publicly traded units - a $200m automotive engineering and mobility solutions company ...

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India’s largest e-payments brand Paytm as a director, reported Business World.