P&C Legal, the Mumbai-based close friend alliance firm of Bangalore’s Poovayya & Co, has rebranded to become Jerome Merchant + Partners.

“HR Food Processing, which manufactures and markets dairy products under the brand name Osam, has raised Rs 45 crore (around $6.7m) in its Series B round of funding, it said in a statement. The round was led by Lok Capital-advised Growth Catalyst Partners. HR Food’s existing investor Aavishkaar also participated in this round,” reported VC Circle.

“PayU Global, the digital payments provider owned by South Africa’s Naspers Group, will buy rival Citrus Pay for $130 million in an all-cash deal. PayU India will have more than 30 million customers post the acquisition of Citrus Pay. The company forecast it will process an estimated 150 million transactions, worth $4.2 billion, in 2016. The deal, once concluded, is expected to provide an attractive exit to Citrus Pay’s investors—Ascent Capital, Beenos and Sequoia Capital. PayU confirmed that the early investors will exit but declined to disclose details,” reported Mint.

The ex-general counsel (GC) of UTV-founder Ronnie Screwvala’s fund Unilazer Ventures, Archana Rajaram, left the company to go independent this month, now advising the venture capital funds Unilazer Ventures, IDG Ventures and Matrix Partners and others as an independent general counsel.

AZB & Partners former Mumbai partner Kalpana Merchant, who resigned from the firm in early September, has joined P&C Legal, the Mumbai arm of Bangalore headquartered firm Poovayya & Co that was started headed by AZB alum Vishnu Jerome.

Ashlar Law, the firm founded by former PXV & Partners partners Pingal Khan in Mumbai and Bangalore and Souvik Bhadra in Kolkata, has completed its first deal, advising “big data” company Indus Insights on its Series A funding by Unilazer and Hive India. Khan, together with Kolkata-based associa...

Trilegal advised Nephro Health Services in International Finance Corporation (IFC) and Bessemer Venture Partners’ $10m investment in it. AZB & Partners advised IFC and P&C Legal advised Bessemer. Trilegal partner D Pavan Kumar, senior associate Emil Joseph and associate Dennis John acted f...

P&C Legal advised Mahindra group’s real estate arm Mahindra Lifespace Developers on its Rs 1,000 crore ($164m) joint venture (JV) with Standard Chartered Bank’s investment arm SCM Real Estate. StanChart was advised by Amarchand Mangaldas. P&C Legal partner Vishnu Jerome, whose part of Mumb...

Alliance Legal co-founder and AZB & Partners alumnus Vishnu Jerome has rebranded his practice to P&C Legal after merging his practice into Bangalore headquartered firm Poovayya & Co.