B9 Beverages, known for its Bira 91 brand of craft beer alcoholic beverages, has raised $4.3 million in a pre-Series C round, according to documents accessed from data intelligence platform paper.vc. It has raised the money from Sixth Sense Ventures, a domestic venture capital fund focusing on consu...

Birla group flagship Grasim Industries has signed an agreement to acquire Soktas India from its Turkish promoters for Rs 165 crore. Soktas is a wholly-owned subsidiary of the Turkish firm Soktas Tekstil Sanayi ve Ticaret, which produces and markets premium fabrics and has its main facilities at Soke...

GMR Group-controlled Delhi International Airport Ltd (DIAL) has awarded 9 lakh sq.m of land at Aerocity in the capital to Bharti Realty for development, the company said in a statement on Wednesday. — Mint AZB & Partners advised Bharti Realty Limited led by a team of partners Hardeep Sachdeva a...

Singapore-based Blue Planet Environmental Solutions has acquired Yasasu EMS, an organic waste processing company based in Mumbai. Yasasu manufacturers self-contained and compact digesters which the company claims can process one to five tonnes of organic waste such as leftover food, vegetable and fr...

India-bred private equity firm Chrys Capital is set to buy 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week. — Business Standard Desai & Diwanji advised GIC , the sovereign wealth ...

Tibco Software Inc., a Palo Alto, CA-based provider of integration, API management, and analytics solutions, acquired SnappyData, an Indian high performance, in-memory data platform provider. — Finsmes Khaitan & Co advised TIBCO Software HK Ltd led by a team of counsel Stuti Galiya with assista...

Pfizer Inc and GlaxoSmithKline plc today announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands. The Boards of Directors of both companies have unanimously approved the transaction under which Pfizer will contribute its consumer...

Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan’s Nippon Life Insurance. Both partners hold 42.88 per cent each in the company, while the rest is with public share...

Global PayEx … announced strategic investment by banking and financial services provider JP Morgan that will help the latter’s clients experience clearer electronic invoice presentation and quicker reconciliation. It offers a cloud based platform, Freepay, to facilitate electronic sharing of invoice...

Mirae Asset has invested around $35 million into ANI Technologies Private Limited, which operates ride-sharing and taxi services company Ola in its ongoing Series J round, that had also seen participation from Hyundai Motors and Kia Motors, according to reports . J Sagar Associates (JSA) advised Mir...

Cyril Amarchand Mangaldas has hired Khaitan & Co real estate partner Abhishek Sharma to co-head its real estate practice from Mumbai.

RP-Sanjiv Group’s retail arm Spencer’s Retail has acquired Grodrej group’s premium food retailing venture, Natures Basket, for around Rs 300 crore in an all-cash deal. Nature’s Basket operates 36 stores in Mumbai, Pune and Bengaluru. Nature’s Basket is a wholly-owned subsidiary of Godrej Industries....

“Storied American venture investor Tiger Global has invested $89.5 million in agri-tech startup NinjaCart, show regulatory filings accessed from registrar of companies (RoC) by paper.vc. NinjaCart is a marketing and delivery platform for agricultural produce,” reported Mint . Khaitan & Co advis...

“Ola Electric Mobility Pvt Ltd (Ola Electric) today announced that chairman Ratan Tata Emeritus of Tata Sons, has invested in the company as part of its Series A round of funding. Tata is also an early investor in ANI Technologies Pvt Ltd, Ola’s parent company,” reported Olacabs . Khaitan & Co ...

“Multi-asset manager IDFC Alternatives Ltd has agreed to sell its infrastructure asset management business to US-based private equity firm Global Infrastructure Partners (GIP),” reported VCCircle . Khaitan & Co advised IDFC Alternatives led by partners Siddharth Shah and Sameer Sah , senior ass...

“Emami has acquired German personal care brand Creme 21, which is large in the Middle-East, according to a company release. While the company did not share the deal value, Emami said the brand has been acquired at less than 1.5 times of its sales of Euro 8m,” reported the Economic Times . Khaitan &#...

“IDFC and Mirae Entities along with: (a) Nexus Ventures IV, Ltd.; and (b) Other Investors have subscribed to Series B compulsorily convertible preference shares and common equity shares issued by Zolostays forming minority shareholding of Zolostays on a fully diluted basis,” reported Inc42 . Khaitan...

“Ireland-based Ingersoll-Rand PLC has agreed to acquire Precision Flow Systems, which provides various pumps and other fluid management products, from funds advised by BC partners Advisors LP and The Carlyle Group ,” reported Houston Business Journal . Khaitan & Co advised Ingersoll Rand led by...

“Technology consulting and digital solutions firm Larsen & Toubro Infotech (LTI) announced that it has signed a definitive agreement to acquire [German company] NIELSEN+PARTNER (N+P) for $31.6m including earnouts and at a FY18 revenue multiple of about 3.2x,” reported the Economic Times . Khait...

Reliance Jio Infocomm Limited has proposed restructuring / reorganising the business of Reliance Jio Infocomm Limited through a composite scheme of arrangement amongst Reliance Jio Infocomm Limited and Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited and their respective s...