“Brookfield inks pact to acquire Leela hotels for $576 mn: Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire,” reported VCCircle . Veritas Legal advised Hotel Leelaventure Limited and its promoters led by a team of par...

Following the departure of Shardul Amarchand Mangaldas (SAM) Delhi tax and GST partner Sandeep Chilana for independent practice, which we had reported in December 2018, SAM has now lined up his long-anticipated replacement: EY executive director of indirect tax Rajat Bose.

Bangalore-headquartered venture capital advisory powerhouse Themis Associates has hired former Shardul Amarchand Mangaldas (SAM) principal associate Vinayak Mishra as a partner-equivalent consultant in Delhi to spearhead its expansion into the city.

Neha Sinha, who was made partner at L&L Partners (formerly Luthra & Luthra) in 2017, has joined Shardul Amarchand Mangaldas in a boost to its corporate practice, together with Trilegal counsel Karun Prakash, who is joining as a partner designate.

Link Legal India Law Services banking and finance partner Anurag Dwivedi has joined Shardul Amarchand Mangaldas as a partner in Delhi.

“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...

“OLX buys VC-backed recruitment portal Aasaanjobs: Naspers-backed online classifieds OLX has acquired online hiring marketplace Aasaanjobs Pvt. Ltd for an undisclosed amount,” reported VCCircle . Veyrah Law advised Naspers - OLX Group led by a team of partner Ajay Joseph , and associates Anshul Pand...

“Rabo Equity Advisors invest Rs 140 crore in LT Food’s organic business: Rabo Equity had also infused $10 million in LT Foods, the listed parent of NBFL in 2009,” reported Mint . AZB & Partners advised LT Foods Limited and Nature-Bio Foods Limited led by a team of partners Daksh Trivedi and law...

“Visa takes minority stake in Billdesk, valuation hits $1.8 billion: Visas investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses,” reported The Economic Times . “The transaction involves a primary investment of about $200 million with a sec...

Eruditus Group, comprising Eruditus Executive Education and its online division Emeritus, has raised a $40-million Series C round led by Sequoia Capital. Existing investor Bertelsmann India Investments also participated in the round, the company said on Thursday. — Mint S&R Associates advised B...

“Gruh Finance To Merge With Bandhan Bank: Bandhan Bank to merge with Gruh Finance in share swap deal,” reported Bloombergquint . Argus Partners advised Gruh Finance led by managing partner Krishnava Dutt , partner Adity Chaudhury , partner Arka Majumdar along with associates Ashish Patel , Kshitija ...

“Edtech startup Eruditus in funding talks to raise $40 million: Eruditus, an executive education service provider, is seeking to raise the funds in a Series C round led by Sequoia Capital India,” reported Mint . Update 29 May 2019 : S&R Associates advised existing investor Bertelsmann India Inv...

Emami Cement Limited acquired the manufacturing, grinding, processing, treating and refining cement business of Eco Cements Limited, according to reports . Shardul Amarchand Mangaldas & Co advised Emami Cement Limited led by a team of partner Sakshi Mehra ; senior associate Shiladitya Banerjee ...

“Digital lending platform NeoGrowth raises $47 mn in equity funding: Mumbai-headquartered non-banking financial company (NBFC) NeoGrowth Credit Pvt. Ltd, which provides flexible loans to merchants and offers automated repayment options, has secured Rs 300 crore ($47 million) in equity funding from i...

“Byju’s raises $540 million from Naspers and CPPIB: Education startup Byju’s has raised $540 million in a round led by Naspers, with participation from Canada Pension Plan Investment Board (CPPIB),” reported Medianama . Shardul Amarchand Mangaldas & Co advised Byju (Think and Learn Pvt. Ltd) le...

“Endo International plc … has reached definitive agreements to acquire … the business of its India based affiliate Wintac Limited, which operates as Somerset Therapeutics’ contract developer and manufacturer,” reported Markets.businessinsider . Shardul Amarchand Mangaldas & Co advised Endo Inte...

“Home Interiors Startup Design Cafe Raises $28.5 Mn From WestBridge Capital: The recently raised funds will be used by the company to expand its footprints in the country including Mumbai Delhi/ NCR and Hyderabad,” reported Inc42 . Shardul Amarchand Mangaldas & Co advised WestBridge Capital led...

“Blackstone sells 8% stake in Mphasis for Rs 1,484 crore: US private equity major Blackstone has offloaded an 8% stake in Indian IT firm Mphasis at Rs 960 apiece to a clutch of investors, including new foreign funds T Rowe Price, Nomura and Oppenheimer. ” reported The Times of India . The stake sale...

“Essel Group to acquire majority stake in LKP Finance: Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd,” reported VCCircle . Essel bought 62% in LKP. Shardul Amarchand Mangaldas & Co advised the promoter group of ...

“Indiabulls sells 50% stake in office assets for Rs 464 cr to Blackstone: The company’s existing wholly-owned subsidiaries Ashkit Properties Ltd and Yashita Buildcon Ltd have become joint ventures,” reported Business Standard . Shardul Amarchand Mangaldas & Co advised Blackstone led by a team o...