The Competition Commission of India (CCI) has approved the merger of Indiabulls Housing Finance Limited (IBHFL) and Indiabulls Commercial Credit Limited (ICCL) with Lakshmi Vilas Bank Limited (LVB). — Business Standard The board of Lakshmi Vilas Bank [in April] approved the merger of the private sec...

The ₹390-crore Madhu Jayanti International, which is primarily into the manufacture and export of value-added teas, is looking to ramp up its domestic business with its recent acquisition. The company acquired Eveready’s packet tea business and its brands — including Tez Red, Premium Gold and Jaago ...

metadesc: Khaitan & Co advised Kalpataru Power Transmission Limited (KPTL) led by a team of partner Shivanshu Thaplyal , principal associate Swathy Ramanath , associate Abhinav Mishra and associate Bhagirath Ashiya assisted by principal associate Jhinook Roy , associate Abhinav Rawat and associ...

B2B logistics technology provider Freight Tiger has raised $8 million (around Rs 55 crore) in Series-A funding, led by Lightspeed Venture Partners, along with participation from Dalmia Group’s Alsthom Industries and the Hero Group managing director’s Pawan Munjal Family Trust. — The Economic Times L...

Bengaluru-based B2B agritech startup Ninjacart on Wednesday raised Rs 250 crore funding led by Accel US, Syngenta Ventures, Jo Hirao, Founder of ZIGExN, Neoplux, HR Capital and Trifecta Capital. Existing investors Accel India, Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated in the...

IFSD BV and Vaalon Capital have invested $7.5m in MyMoneyMantra, according to Khaitan & Co. Khaitan & Co advised MyMoneyMantra led by a team of partner Bharat Anand , associate Suraj Prasad Meher and associate Anubhuti Sinha . 2019-06-21 Deal value: USD 7.5 million This deal has not been r...

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by of Embassy Property Developments to acquire debt-ridden Chennai-based mining company Tiffins Barytes Asbestos for around Rs 89.4 crore. Under the resolution plan, Embassy Property Developments will offer an upfron...

Ola Electric Mobility Pvt. Ltd has raised about $250 million from SoftBank Group Corp., thus becoming the second company founded by Bhavish Aggarwal to join the coveted unicorn club of startups valued at more than $1 billion. — Mint Khaitan & Co advised Ola Electric Mobility led by a core trans...

A former Khaitan & Co associate has, in a 12-page resignation letter, expressed her concern about the internal prevention of sexual harassment (POSH) committee’s handling of her complaint against a fellow associate.

The board of directors of Aditya Birla Fashion and Retail Limited (ABFRL) has approved entering into a Share Purchase Agreement with the existing shareholders of TG Apparel & Decor Private Limited, to buy 100 per cent shares. TG Apparel is a B2C entity which retails ethnic fashion, both online ...

Music Broadcast Limited (MBL) acquired 24% of the equity share capital of Reliance Broadcast Network Limited (RBNL) by way of a preferential allotment for a total consideration of Rs 202 crores. After that, subject to the receipt of the approval from the Ministry of Information and Broadcasting, MBL...

Edelweiss Group … said its NBFC arm ECL Finance Limited has raised over Rs 300 crore by issuing non-convertible debentures. The first tranche of issue opened on May 10 and was scheduled to close on June 7. — The Economic Times Khaitan & Co advised ECL Finance Limited led by a team of partner Ma...

The GMR Group controlled Delhi International Airport (Dial) has raised $350 million by selling 10-year dollar bonds to investors across the world in the first such issuance by an Indian company after election results were announced. The bonds were priced at 6.45 per cent, 30 bps tighter than the 6.7...

Aditya Birla Fashion and Retail Limited has acquired Jaypore, an ethnic apparel and accessories retailer, for Rs110 crore to enter the large but untapped market of traditional wear. Established in February 2012, Jaypore sells home decor, accessories, jewelry and had revenues of Rs39 crore in FY19. —...

CESC Ventures, a part of the Sanjiv Goenka-owned RP-Sanjiv Goenka Group, will acquire a majority stake in Herbolab India Pvt Ltd, makers of ayurvedic medicines and products under the ‘Dr Vaidya’s’ brand. — Hindu Business Line Khaitan & Co advised CESC Ventures Limited India led by a team of par...

An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. — Mint Khaitan & Co advised Runwal Developers led by a team of partner Haigreve Khaitan , partner Deepak Jodhani , principal...

Reliance Brands has purchased an additional 12.56 per cent stake in Genesis Colors Limited (GCL) for about Rs 52.77 crore, taking its total holding in the company to 46.39 per cent. “This is to inform that Reliance Brands, a subsidiary of the Company, has purchased an additional 12.56 per cent equit...

Electric scooter maker Ather Energy Pvt. Ltd said … that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore)… In addition to the equity round, Ather Energy said it has also raised $8 million in debt from ventu...

Bengaluru-based Goddard Technical Solutions Pvt. Ltd, which operates online lending platform Avail Finance, has raised another $9 million (Rs 62.2 crore) as part of its Series A funding round led by existing investor Matrix Partners India. — VCCircle Rajaram Legal advised Matrix Partners led by a te...

Bahrain-based global alternate assets manager Investcorp … announced the start of its operations in India with the acquisition of the private equity (PE) and real estate (RE) investment management businesses of IDFC Alternatives Ltd. — Mint Nishith Desai Associates advised Investcorp led by a team o...