“Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel: Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 1 year as per their admitted claims and terms of resolution plan,” reported The Economic Times about the $7.3bn insolvency deal from ...

Trilegal has hired Shardul Amarchand Mangaldas parter Arjun Ghose in Bangalore as the firm’s 44th equity partner, according to its press release.

“HDFC entered into an agreement for acquiring 30.5 lakh shares, representing 25.01 percent share capital of Good Host Spaces Private Limited from Manipal Integrated Services Private Ltd. The cost of acquisition for this transaction is Rs 69.5 crore. Good Host Spaces is engaged in the business of man...

“US-based Avenue Capital to acquire 27% stake in Arcil: Six investors of Asset Reconstruction Company of India (Arcil) have agreed to sell their stakes to Avenue Capital, says Arcil CEO Vinayak Bahuguna,” reported Mint . Shardul Amarchand Mangaldas & Co advised Avenue Capital (Avenue India Resu...

“ChrysCapital buys healthcare solutions company for Rs 1000 crore: Largest Indian private equity investor ChrysCapital has acquired 80% ownership in GeBBS Healthcare Solutions, a provider of Revenue Cycle Management,” reported The Times of India . Shardul Amarchand Mangaldas & Co advised ChrysC...

“Ola founders, Temasek to acquire 10% stake in ride-hailing firm: Ola’s co-founders, along with Singapore’s state investment arm Temasek, are in the process of buying out a less than 10% stake in the cab-hailing firm’s parent company ANI Technologies,” reported Techcircle . Shardul Amarchand Mangald...

“Liberty House gets NCLT nod for bid to acquire Amtek Auto: Amtek owes over ₹12,300 crore to its lenders, who had initiated insolvency proceedings last July. The Chandigarh bench of the National Company Law Tribunal (NCLT) approved the resolution plan by single bidder Liberty House to acquire the as...

“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...

Shardul Amarchand Mangaldas (SAM) Delhi-based partner Sandeep Chilana, who is specialising in customs, GST, liquor and state excise laws, has resigned, we have learned.

“Escorts, Kubota join hands to manufacture high-end technology tractors: The JV will leverage Kubota’s technology and engineering prowess of Escorts to cater to an expanding market for higher efficiency, value-oriented utility tractors for a global leadership position,” reported Moneycontrol . Kubot...

“SME Lender Five Star Business Finance Raises $100M Led by TPG: Five Star Business Finance Limited, a Chennai-based registered non-banking finance company, has raised $100 million led by private equity firm TPG,” reported Inventiva.

“Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd,” according to VCCircle.

Cyril Amarchand Mangaldas Delhi partner Harsh Kumar, who had resigned in September, has joined Shardul Amarchand Mangaldas.

“The National Company Law Tribunal (NCLT) has approved the bid of AION Capital-JSW Steel to acquire Monnet Ispat & Energy Ltd, providing major relief to the consortium” in the insolvency reported Mint . Cyril Amarchand Mangaldas advised Committee of Creditors (CoC) of Monnet Ispat & Energy...

The Life Insurance Corporation of India (LIC) proposed acquiring a 51% stake to take control of IDBI Bank, according to reports . Cyril Amarchand Mangaldas advised IDBI Bank Limited led by a team of partners Amey Pathak and Ravi Kumar . Update 9 January 2019 : Shardul Amarchand Mangaldas advised Lif...

Jaipur-based NBFC Ess Kay Fincorp Limited and Rajendra Kumar Setia (Promoter) received a $42m investment from TPG Growth IV SF Pte Ltd and existing investors Norwest Venture Partners X-Mauritius (Norwest) and Evolvence Coinvest-I (Evolvence), according to ET . Baring Private Equity India AIF is also...

AZB & Partners 2016-promoted partner Sugandha Asthana has resigned and is set to join Shardul Amarchand Mangaldas.

“Chennai-based robotics startup DeTect Technologies Tuesday said it has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners as it seeks to double its workforce and expand in the UK and Europe. Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round,” reported Mint.

“Alibaba’s payment affiliate Ant Financial has pumped in another $210 million in restaurant discovery and food-delivery platform Zomato, as the company ramps of spending for its market leadership battle against rival Swiggy,” reported the Economic Times, about the unicorn’s Series I round of fundraising.

Shardul Amarchand Mangaldas corporate and M&A salaried partner Sourav Kanti De Biswas, whom we had reported had resigned in July, is set to join Cyril Amarchand Mangaldas next week.