Switzerland-based mechanical engineering company Ammann Group Holding AG has fully acquired the stake of its partner in a joint venture . Gujarat Apollo Industries Ltd, which operates Ammann India Pvt. Ltd, is selling its 30% stake in the JV for Rs 202.43 crore (approximately $26.57 million at curre...

Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the power transmission and distribution industry globally, Grasim announced on Tuesda...

Softline Group, a leading global provider of IT solutions and services, acquires Kolkata based Embee Software (“Embee”), one of India’s leading digital transformation service provider and a Microsoft LSP and Cloud solution partner. — Crn PDS Legal advised Softline Group led by a team of partner Viha...

IndusLaw has hired its second tax lateral partner with PDS Legal director Shashi Mathews having joined as a partner in its Delhi office.

Private equity giant KKR, which has been looking to expand its hospital presence in India, has stepped in to let businessman BK [Modi exit the Max Healthcare business] — VCCircle PDS Legal advised BK Modi and other entities of the Smart Group led by a team of partner Vihang Virkar , executive direct...

New Zealand’s Fonterra … agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business. — Reuters It is a leading global excipients manufacturer for the pharmaceutical industry. DFE Pha...

Bengaluru-based fintech company Cashfree Tuesday said it has secured USD 5.5 million (over 38 crore) in funding led by South Korea’s Smilegate Investment with participation from existing investor Y Combinator. The Series A funding also saw participation from investors such as George Osborne (former ...

metadesc: Khaitan & Co advised Grasim Industries Limited led by a core transaction team of partner Nikhilesh Panchal , principal associate Purti Minawala , associate Shayak Sircar , associate Chintan Aaswhini and associate Mohit Rai with assistance from real estate partner Devendra Deshmukh and...

EY India has acquired Mumbai-based C Centric, a provider of CRM solutions and services and will bring on board a team with experience in conceptualizing and implementing CRM solutions. With the acquisition the company will be able to offer solutions in on-premise CRM implementations, that include so...

Lok Capital, IIFL Wealth invest ₹130 cr in digital insurer RenewBuy.com. The digital insurance disruptor has raised ₹130 crore ($19 million) in a Series B funding round led by venture capital firm Lok Capital and IIFL Asset Management. — The Economic Times PDS Legal advised RenewBuy.com , led by par...

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 ...

India Alternatives Investment Advisors Ltd. invested up to USD 8 million for a significant minority stake in Brinton Pharmaceuticals Limited. Brinton is focused on dermatology and has recently expanded into the paediatric dermatology and respiratory segments. — The Economic Times DSK Legal advised I...

PDS Legal partner Tarun Gulati, who had joined in 2013 from Economic Laws Practice (ELP), has been designated senior counsel by the Allahabad high court, as part of a mammoth round of 75 new senior advocates.

Shareholders of UAE-company Sun Packaging Systems (FZC) have sold a majority stake to Thai Plastic and Packaging Public Company Limited, giving the company a toehold in the UAE, according to a Thai news report . PDS Legal advised Sun Packaging Systems (FZC) and its shareholders led by a team of part...

Chetan Nagendra, former Bangalore partner of AZB & Partners, has joined Big 4 consultancy E&Y best friend law firm PDS Legal as a partner, to open up its Bangalore office, according to sources with knowledge of the move.

“Thomas Cook India to acquire 24% stake in TravelJunkie Solutions: Thomas Cook India Group chairman Madhavan Menon said the partnership with Ithaka creates a new channel that reaches and serves millennials,” reported The Economic Times . PDS Legal advised TravelJunkie Solutions Private Limited led b...

“The Indian unit of Finnish packaging company Huhtamaki will acquire Ajanta Packaging (India) for Rs 100.3 crore ($15.5 million) in an all-cash deal,” according to VCCircle . Veritas Legal advised Huhtamaki PPL Limited led by a team of partner Tushar Raut , senior associate Somrita Chatterji , and a...

US-headquartered legal process outsourcing (LPO) provider UnitedLex, which has significant operations in India and must have recruited at least hundreds of graduates from Indian law schools since its founding in 2006, has been sold in entirety to CVC Capital Partners, reported VCCircle . The deal am...

“American private equity firm TPG has acquired a significant minority stake in Sai Life Sciences, a drug discovery, development and manufacturing service provider,” reported Mint . Shardul Amarchand Mangaldas managing partner Akshay Chudasama , principal associate Sayak Maity and senior associate An...

“Monsanto is selling its branded cotton seeds business in India to Hyderabad-based Tierra Agrotech, although the US biotechnology major would remain invested in farming segments such as corn seeds, crop protection, vegetables and Bollgard II technologies,” reported the Economic Times.