Three private equity funds Investcorp, Norwest Venture Partners and Gaja Capital together invested about Rs 800 crore ($110 million) to acquire about 31% stake in Xpressbees, the E-commerce focused end-to-end supply chain solutions provider. — The Economic Times IndusLaw advised Busybees Logistics S...

Info Edge on Thursday said its investee company Zomato has raised $160 million (about ₹1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion. — Thehindu Food delivery company Zomato Media Pvt. Ltd h...

Paytm knows the art of fundraising a little better than any other Indian unicorn. Despite losing momentum in payments and commerce businesses, Vijay Shekhar Sharma comfortably in November raised a whopping $1 billion in Series G round at a towering valuation of $16 billion. This was over a 45% jump ...

IDBI Bank… said it will sell part of its stake in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank. Ageas will acquire 23% stake, while Federal Bank will buy 4%, the lender said in a disclosure to the stock exchanges. — Mint Shardul Amarchand Ma...

Shardul Amarchand Mangaldas has hired Bhoumick Vaidya, partner at Mumbai solicitors firm Kanga & Co, in as a partner with his team of five.

Shardul Amarchand Mangaldas has promoted 84 associates to senior or principal associate level, with the majority of these - 58% - being based in the Delhi region, closely followed by Mumbai.

Khaitan & Co environment law practice partner Nawneet Vibhaw has joined Shardul Amarchand Mangaldas (SAM) in Delhi as a partner.

Kishore Biyani has surrendered the ‘crown jewel’ of the Future Group by selling his retail business to billionaire Mukesh Ambani’s Reliance Retail in a stunning reversal of fortunes for a businessman who was once celebrated as India’s Retail King. — Moneycontrol Trilegal advised Future Group led by ...

Think and Learn which owns and operates education technology platform Byju’s — The Learning App — has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction… WhiteHat Jr, founded in 2018 by Karan Bajaj, the former CEO of Discovery Networks India, operates in the K-12 segment, teach...

New Delhi: Engineering conglomerate Escorts … said Japan’s Kubota Corporation will acquire 10% equity stake engineering in the firm for Rs 1042 crore. Upon completion of this transaction, Escorts and Kubota will partner and aim to become a leading player in the Indian market and a hub of product dev...

Religare Enterprises … said it has acquired additional 14.36 per cent stake in Religare Finvest Ltd (RFL) from private equity investors. Post the acquisition, RFL has become a wholly-owned subsidiary of the company from February 28, it said in a BSE filing. — Mint S&R Associates advised NYLIM J...

RMZ Corp and Japan’s Mitsui Fudosan have entered into a joint venture of up to $1 billion to set up commercial office spaces in Bengaluru, Mumbai and Delhi. This is the Japanese company’s maiden investment in the Indian real estate market. — The Times of India Mitsui Fudosan (Asia) Pte Ltd acquired ...

Jio Platforms is set to raise Rs 5683.50 crore from Abu Dhabi Investment Authority (ADIA), the largest investment arm of the government of Abu Dhabi, by selling a 1.16% stake. ADIA is the seventh investor to pick up a stake in the Mukesh Ambani-led company in seven weeks. — The Economic Times AZB &#...

A Goldman Sachs unit has acquired the student housing facilities of a private university in north India at an enterprise value of ₹900 crore (about $120 million), said two people aware of the development. — Mint We had also reported more on the deal earlier this week. Shardul Amarchand Mangaldas &#x...

…the board of directors at Motherson Sumi Systems Ltd (MSSL) has approved the issuance of listed, secured, redeemable, non-convertible debentures (NCDs) with an aggregate amount up to ₹500 crore on a private placement basis, the company said in a regulatory filing today. — Mint Shardul Amarchand Man...

The Competition Commission has approved the proposed merger between auto majors Peugeot SA and Fiat Chrysler Automobiles N.V. PSA is the holding company of a France-based group which is mainly an original equipment manufacturer and dealer of motor vehicles, passenger cars as well as light commercial...

NEW DELHI : Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged beverages market. — Mint J Sagar Associates advised PepsiCo India Holding...

Vivriti Capital Pvt. Ltd, which runs an online enterprise debt platform and lender, has raised $50 million (about Rs 350 crores) in its Series B funding from LGT Lightstone Aspada. — VCCircle J Sagar Associates advised Creation Investments India III, LLC (Creation), led by a team of partners Lalit K...

Mumbai-based extended warranty and device protection services provider Onsitego has raised $19 million (approximately Rs 135.71 crore at current exchange rates) in its Series B funding round led by the Avendus-sponsored Zodius Growth Fund. — VCCircle INDUSLAW advised Accel led by a team of partner A...

Torrent Power Limited issued 1,000 redeemable non-convertible debentures worth around $13.3m on 19 March 2020 via private placement. Shardul Amarchand Mangaldas & Co advised Torrent Power Limited led by a team of partner Debashree Dutta , senior associate Arijit Sarkar , and associate Anshuman ...