Reliance Industries … said that Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund (PIF) have invested ₹3,779 crore each in Jio Fibre’s network. The sovereign wealth funds from Gulf will acquire a total 51% in the infrastructure investment trust (InvIT) — Digital Fibre Infrastr...

ShareChat, a Bengaluru-based social media company, said it raised $40 million in Pre-Series E round. It said the new round of funding had significant investment from Dr. Pawan Munjal, DCM Shriram Promoters Family Office, SAIF Partners, Twitter, Lightspeed Ventures and India Quotient. This current ro...

National Engineering Industries Ltd is buying two companies, one at home and the other in Europe, to expand its product portfolio and increase its geographical presence… It has also sealed a deal to buy to acquire industrial component manufacturer Abok Spring Pvt. Ltd. — VCCircle Khaitan & Co a...

Rajaram Legal advised Rupeek Fintech Private Limited in raising funding from series C round, according to reports . The Bengaluru-headquartered startup, which provides loans against gold as collateral, said it will use the proceeds from the latest funding round to further invest in technology and to...

The RP – Sanjiv Goenka Group acquired the license to print and publish the Fortune India magazine through the acquisition of 100% shares of Business Media Private Limited (erstwhile holder of the license granted by Fortune Media IP Limited (an assignee of Time Inc)), according to reports . Khaitan &...

SoftBank Group Corp. is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to $1.45 billion as online learning surges during the coronavirus pandemic. — Mint IndusLaw advised Sorting Hat Technologies Private Limited ( Unacademy ) led by a team of par...

The rights issue of Mahindra & Mahindra Financial Services (Mahindra Finance) has been subscribed nearly 1.3 times. The issue saw a demand for over Rs 4,000 crore worth of shares against its offer size of Rs 3,088.82 crore. — Moneycontrol Khaitan & Co advised Mahindra & Mahindra Finan...

Khaitan & Co has announced that all 49 law school graduates whom it had made campus offers to over the past years, would join the firm on 12 October 2020.

Co-living startup ZoloStays has raised $56 million in a Series C round led by Investcorp, Nexus Ventures Partners, Mirae Assets and existing investor Trifecta Capital among others. — Mint Khaitan & Co advised Co-Living Parent Pte Ltd led by a core transaction team comprising of partner Vineet S...

Kishore Biyani has surrendered the ‘crown jewel’ of the Future Group by selling his retail business to billionaire Mukesh Ambani’s Reliance Retail in a stunning reversal of fortunes for a businessman who was once celebrated as India’s Retail King. — Moneycontrol Trilegal advised Future Group led by ...

Khaitan & Co has announced a bumper crop of promotions, elevating 16 principal associates to salaried partner level, and 8 to counsel.

Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. — Company Press Release AZB & Partners advised -Miranda Tools Priv...

Sale of shares (approximately 47.70%) held by SAG in SIL, an Indian listed company, to SAG’s subsidiary, SIH BV, through a block deal on the floor of BSE Limited. SAG will continue to be the ultimate holding company and promoter of SIL following the completion of this transaction, according to repor...

Argus Partners advised Liquidator of Concast Steel & Power Ltd led by a team of senior partner R Sudhinder , equity partner Soorjya Ganguli , partner Pooja Chakrabarti , partner Arka Majumdar , Noida-based SMCPower Generation Ltd has acquired the main steel mill and power plant of Concast Steel...

Co-working major WeWork India, which is owned by the Embassy Group, on Friday said it has raised $100 million from WeWork Global for sustainable growth of its business. — Mint JSagar Associates advised Embassy Group and WeWork India Management Private Limited led by a team of joint managing partner ...

Diversified conglomerate ITC Limited has entered into a share-purchase agreement to acquire Kolkata-based packaged spice maker Sunrise Foods as the Sanjiv Puri-led firm looks to bolster its food business and battle rivals Hindustan Unilever, Pepsico and Britannia. — Moneycontrol Khaitan & Co ad...

NEW DELHI/BENGALURU: Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook cofounder Eduardo Saverin. This takes the total funding raised by the twoyear old firm to $87 million. — ...

The promoters of Emami Group sold their entire shareholding in Emami Power Limited to Pyrite Power Private Limited, an Indian affiliate of Brookfield Asset Management Inc. Canadian investment giant Brookfield Asset Management has sealed a deal to buy out Emami Power, the solar power business of Kolk...

All Khaitan & Co offices have opened their doors again today to allow fee-earners and staff - purely on a voluntary basis - to physically return to work.

Mahindra and Mahindra will be issuing non-convertible debentures worth Rs 1,000 crore for a tenure of three years to raise capital at a time when corporates are facing a liquidity crunch due to the lockdown imposed to contain the Covid-19 pandemic. The rated, listed, unsecured, redeemable non-conver...