Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.

“Electrosteel Steels Ltd. has become the first of the twelve large stressed accounts to be resolved under the Insolvency and Bankruptcy Code. The National Company Law Tribunal has approved the resolution plan submitted by Vedanta for Electrosteel Steels,” reported the Bloomberg Quint . Khaitan &...

Shardul Amarchand Mangaldas (SAM) Bangalore founding partner Karthik Mahalingam is to leave the firm on 30 April.

AZB & Partners acted on the biggest and greatest number of deals in the first quarter (Q1) of 2018, topping the charts across league tables published by mergermarket (MM) as well as by Bloomberg and Thomson Reuters (TR).

“Tata Chemicals on Sunday said it has signed a pact with Allied Silica Limited to acquire its precipitated silica business for Rs 123 crore on a slump sale basis. The deal is expected to be closed within three months, the company said in a release. The acquisition is a part of the Rs 295 crore inves...

“Indiabulls Real Estate Ltd (IBREL) has executed definitive transaction documents with global private equity investor Blackstone Group LP to divest 50% stake in subsidiaries Indiabulls Properties Private Ltd and Indiabulls Real Estate Co. Pvt. Ltd at an aggregate enterprise value of $1.46bn or Rs9,5...

In a very Amarchandian of steps, Shardul Amarchand Mangaldas has promoted the only three of its “partner designates” to salaried partner level, in a promotion that is generally expected to be automatic from year-to-year.

Private equity giant KKR-backed investment platform Emerald Media has picked up a significant minority stake in Global Sports Commerce and its global affiliate Techfront for Rs 520 crores ($80m), through a combination of primary and secondary investments, as reported by Yourstory and The Economic Ti...

“In a deal led by Reliance Jio director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

Online furniture and home marketplace, Pepperfry, owned by Mumbai-heaquartered TrendSutra Platform Services has raised Rs 250 crores (around $38.5m) in a fresh round of funding led by US-based asset management company State Street Global Advisors, as reported by VC Circle and Mint . With the current...

Shardul Amarchand Mangaldas won the Suresh and Bharati Shroff Memorial T20 Cricket League, which the firm had held in Delhi to commemorate 100 years since the founding of India’s former largest firm, Amarchand Mangaldas (AMSS).

Chinese internet conglomerate Tencent has invested $115m in Indian music streaming service Gaana, which is owned and was started by Times Internet. Times Internet in-house counsel Parul Sabharwal instructed Shardul Amarchand Mangaldas partner Amit Khansaheb , principal associate Nikhil Sachdeva , se...

Mint reported:

Paytm appoints Pallavi Shroff as board member to boost legal firepower

Benglauru: The move by payments firm Paytm to appoint veteran lawyer Pallavi Shroff as a board member is an indicator that

Food and delivery logistics service Swiggy has raised $100m in a Series F round of investment from Naspers and Meituan-Dianping. “Led by the global investment and media conglomerate, Naspers, with participation from the Chinese e-commerce company Meituan-Dianping, the investment is an indicator that...

Singapore-based Fullerton Financial Holdings along with existing investors has picked up over 25% stake in Bengaluru based online lending startup, Lendingkart Technologies by raising an estimated Rs 565 crores ($87m) equity capital in a Series C funding round, making it one of the largest in the SME...

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India’s largest e-payments brand Paytm as a director, reported Business World.

Shardul Amarchand Mangaldas (SAM) real estate partner Avnish Sharma is to join Khaitan & Co next month, boosting its real estate practice in Delhi that it’s long been looking to fill.

Former Shardul Amarchand Mangaldas partner Saanjh Purohit is set to join Facebook as associate general counsel, reported Bar & Bench . A Nalsar Hyderabad alumnus, she joined the erstwhile Amarchand Mangaldas in 2006 and was made partner at SAM in 2015. Purohit specialises in commercial litigati...

Khaitan & Co has filed more IPO drafts than any other firm in 2017 just ahead of Cyril Amarchand Mangaldas, in a market where downward pricing pressures have made it tough across the board.

Five Indian lawyers have made it into a top 15 list of partners across Asia, ranked by the number of deals they completed in 2017 according to database mergermarket, with two Shardul Amarchand Mangaldas partners making what nearly literally translates to a list of hardest working corporate partners in Asia.