ZF Friedrichshafen AG has successfully completed acquisition of commercial vehicle technology supplier WABCO Holdings on May 29, 2020, according to the press release by ZF Friedrichshafen AG and reports . The transaction involved ZF acquiring all the outstanding shares of WABCO at $136.50 per share ...

IndusLaw’s capital markets team, which had been poached nearly lock-stock-and-barrel from L&L Partners in 2019, has won its highest-profile mandate to date in its role for the banks on the upcoming and eagerly-awaited Zomato initial public offering (IPO).

The Board of Bharti Airtel has launched a qualified placement of shares worth $2 billion and overseas convertible bond issue for raising another $1 billion. The amount raised will be used for payment of statuary dues and capital expenditure. — The Economic Times AZB & Partners acted for Bharti ...

Whoever said we are looking at a mammoth recession and slower capital markets? Not the legal advisers close to Reliance Industries… After now four gigantic rounds of fundraising for its subsidiary Jio Platforms, Reliance Industries (RIL) is issuing Rs 53,125 crores of equity in what is billed as Ind...

French oil and gas major Total SA… announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore. — The Times of India AZB & Partners advised Total Holdings SAS led by a team of...

Following the two firms (plus five others) bagging what is quite likely to be the biggest Indian inbound M&A of the year with Facebook’s $5.7bn investment in Reliance Jio, near identical teams at the two firms have scored a second very similar (if slightly smaller) mandate in a follow-up round:...

Four law firms have bagged what could be the last big initial public offering (IPO) in a long while, considering the damage the COVID-19 pandemic is wreaking across global financial markets, picking up roles on the short-lived blockbuster SBI Cards and Payments Services subsidiary of State Bank of I...

A clutch of investors including Beijing-based Asian Infrastructure Investment Bank (AIIB), Germany’s DEG, International Finance Corporation and Indian group HEG have invested in an infrastructure investment trust ( InvIT ) formed by Delhi-based infrastructure firm Oriental Structural Engineering (OS...

Adani Ports and Special Economic Zone Limited (“APSEZ”) completed the listing of unsecured senior notes aggregating to USD 750 million by on the Singapore Exchange, according to stock exchange filings . L&L Partners advised Joint lead managers , Barclays, Citi, DBS, Emirates NBD, JP Morgan, Mer...

Sterlite Power Transmission and US private equity giant KKR have agreed to be cosponsors and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid T...

In a major move by consultancies in the global legal markets, Big 4 consultant EY has gobbled up legal process outsourcer (LPO) Pangea3 from Thomson Reuters, which had bought the then-India-headquartered LPO in 2010 for up to $40m from its founders.

NLSIU Bangalore’s global legal diaspora has scored another partnership at an elite international law firm, with 2002 graduate Manas Chandrashekar getting the nod in Latham & Watkins’ Hong Kong office.

“Apax Funds invests $200 million in Fractal Analytics: The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million,” reported Mint . Shardul Amarchand Mangaldas advised Fractal Analytics Private Limited, a provider of artificial intelligence and analytics so...

“Swiggy raises mega $1 billion round, valuation swells to $3.3 billion: Existing backer Naspers to lead the round which has seen the entry of new investors Tencent, Hillhouse Capital and Wellington Management,” reported The Economic Times . Shardul Amarchand and Nishith Desai had also acted on the f...

India’s first real estate investment trust (REIT) has filed its preliminary prospectus today, four years after the regulation had been notified, with the Blackstone Group and Embassy Group cooperating on the issue, which could yield $720m, according to Bloomberg . REITs allow investors to take stake...

“Global private equity (PE) firm Carlyle Group has emerged as the front runner for GE Capital Corp’s stake in SBI Card, the credit card joint venture between the US-based company and India’s largest lender State Bank of India (SBI). Carlyle has emerged as the front runner for GE Capital’s stake in SBI Cards for somewhere around $325 million. The board of SBI settled upon the final bidder in a meeting. Carlyle has pipped Warburg Pincus and Credit Saison and emerged as the final bidder though the deal is not closed yet,” reported Mint.

Singapore has proved to be the destination of choice for many Indian corporates doing business overseas, though historically other markets such as London and New York have also had close ties with India. With its highly developed and successful free market economy, low taxation, proximity to the Indian subcontinent, numerous direct flights and sizable Indian population, Singapore’s trade ties with India have flourished.

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

“Online travel firm MakeMyTrip Ltd has agreed to buy Ibibo Group’s travel business in India in an all-stock deal, creating the country’s largest online travel firm which, according to a note by Morgan Stanley, is worth $1.8 billion. The deal value wasn’t announced, but the $1.8 billion valuation and the fact that Ibibo’s owners, Naspers and Tencent, end up with a 40% stake in the merged entity, translate into a transaction worth $720 million. Naspers owns a third of Tencent, its most valuable investment.” reported Mint.

“India has a new tech unicorn. Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Chinese internet giant Tencent and manufacturing firm Foxconn. The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch,” reported Techcrunch.