Global alternative asset manager Investcorp has closed an estimated $45 million (about Rs 323 crore) funding round in dialysis services provider NephroPlus, in the process, providing an exit to one of the Hyderabad-headquartered company’s existing investors. The latest transaction will see SeaLink C...

Shardul Amarchand Mangaldas (SAM) is set to bulk up its Mumbai corporate strength with J Sagar Associates (JSA) partner Jamshed Bhumgara.

Shardul Amarchand Mangaldas (SAM) Delhi-based equity partner Anuj Prasad has resigned.

Trivest Partners, LP (“Trivest” or the “Firm”) announces it has made an investment in Quatrro Business Support Services (“QBSS” or “the Company”). The QBSS transaction represents the 9th platform company investment in the Trivest Growth Investment Fund (“TGIF”), a $225 million fund dedicated to maki...

Veritas Legal finance partner Zubin Mehta has joined Shardul Amarchand Mangaldas (SAM) in Mumbai to grow its Mumbai banking and finance team to four, with a total headcount of 25 fee-earners.

Private equity firm Blackstone Group LP will invest in omni-channel education and test preparation firm Aakash Educational Services Ltd, the PE firm said… The PE firm is expected to pick up a 36.5% stake in Aakash for ₹1,350 crore at a valuation of over $500 million… Aakash is one of India’s largest...

DMD Advocates has hired Shardul Amarchand Mangaldas (SAM) principal associate Vivek Agarwal has joined DMD Advocates as its first full-time competition partner.

Hot on the heels of Cyril Amarchand Mangaldas’ equity partner promotions of 11, and pretty much as long in the making and interviewing, Shardul Amarchand Mangaldas has lifted 10 of its salaried partners into equity:Abhishek Guha (NUJS Kolkata; corporate),Arvind Sharma (Delhi University, CLC; corporate),Rudra Kumar Pandey (Delhi University, CLC; corporate),Veena Sivaramakrishnan (Nalsar Hyderabad; banking & finance),Anoop Rawat (Delhi University, CLC; insolvency),Harman Singh Sandhu (MD University; LLM King’s College; competition),Anuj Berry (NUJS Kolkata; LLM University of Oxford; disputes),Rishab Gupta (London School of Economics; disputes),Nikhil Naredi (NLSIU Bangalore; capital markets), andVR Neelkanthan (NLSIU Bangalore; projects).

Blackstone already held a 50% stake in Indiabulls Real Estate, making this a quasi-joint venture.

OfBusiness, a startup that lends to small and medium enterprises, has raised ₹250 crore led by Norwest Venture Partners with participation from existing investors Falcon Edge and Matrix Partners. Asish Mohapatra, CEO, Of-Business said, “We strongly believe that lending is a commodity or will get com...

As some of the world (including lots of youngsters) have been protesting for action against global heating for the past week, we have taken a look at whether India’s legal profession and law schools have done much (and if they can do better).

Ebay has picked up a 5.5% stake in Paytm Mall, as the San Jose-based online marketplace makes another attempt to get a slice of the Indian e-commerce market. Ebay said its global inventory will be available to over 130 million active users on Paytm Mall and Paytm’s app ecosystem as part of the deal....

Japan’s Fuji Electric Co., Ltd. on Thursday said it has entered into an agreement to acquire 100% stake in Consul Neowatt Power Solutions Pvt Ltd (CNPS), a maker of uninterruptible power supply (UPS) systems. Fuji is acquiring the company from private equity investor Peepul Capital, which owned the ...

Financial Services focused Edelweiss Group … said US-based Kora Management will invest up to $125 million (around ₹875 crore) in the group. Kora Management, an investment firm focused on financial and technology sectors across emerging markets, is already an investor in Edelweiss. Kora has committed...

IndusLaw Delhi disputes partner Sandeep Grover has left the firm and started dispute resolution firm Ortis Law Offices with Shardul Amarchand Mangaldas principal associate designate Aditya Nayyar as co-founding partner.

Tata Global Beverages Ltd (TGBL) has entered into an agreement to acquire the branded tea business of Dhunseri Tea & Industries Ltd for about ₹101 crore. — Hindu Business Line Khaitan & Co advised Dhunseri Tea & Industries Limited led by a team of partner Haigreve Khaitan , partner An...

Shardul Amarchand Mangaldas (SAM) partner Dhruv Dewan is set to go independent as a litigator in Delhi, we understand authoritatively from sources.

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...

metadesc: Khaitan & Co advised Kalpataru Power Transmission Limited (KPTL) led by a team of partner Shivanshu Thaplyal , principal associate Swathy Ramanath , associate Abhinav Mishra and associate Bhagirath Ashiya assisted by principal associate Jhinook Roy , associate Abhinav Rawat and associ...

A clutch of investors including Beijing-based Asian Infrastructure Investment Bank (AIIB), Germany’s DEG, International Finance Corporation and Indian group HEG have invested in an infrastructure investment trust ( InvIT ) formed by Delhi-based infrastructure firm Oriental Structural Engineering (OS...