“Singapore-based XSEED Education on Tuesday announced an agreement to acquire Report Bee, an Indian education technology startup focused on assessment analytics and reporting in K12 schools, for an undisclosed amount,” reported Yourstory . Shardul Amarchand Mangaldas advised Xseed Education Pte Limi...

“Private equity giant Blackstone is in advanced discussions to invest in Gurugram-headquartered auto components maker Sona BLW Precision Forgings Ltd,” reported Dealstreetasia . Shardul Amarchand Mangaldas advised JM Financial led by a team of partner Amit Khansaheb , partner Vishruta Kaul and senio...

Evolent Health bought shares of Cicerone Health Solutions in Valence Health Solutions, including its subsidiary Indian subsidiary, as reported in Evolent’s quarterly statements . Legasis Partners advised Cicerone Health Solutions led partner Apurv Sardeshmukh , senior associate Mugdha Joshi and asso...

“Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of ₹ 45.85 trillion and ₹ 15.8 trillion resp...

Canada-based Ag Growth International Inc has acquired 100% of the shares outstanding of Indian company Milltec Machinery Limited for $109.5m, plus up to $38.4m based on attaining future financial goals. The transaction was funded by AGI’s revolving credit facility,” reported the company about the sa...

“Kansai Nerolac Paints Ltd has agreed to acquire a 100% stake in construction chemicals company Perma Construction Aids Pvt. Ltd for Rs 29.1 crore (about $4.16 million) in cash,” reported VCCircle . Desai & Diwanji advised Perma Construction Aids Private Limited and its shareholders led by a te...

Shardul Amarchand Mangaldas has promoted 7 to its partnership (including one as a partner-equivalent director in competition).

L&L Partners, formerly known as Luthra & Luthra, has re-launched its website to now include a list of partners in each practice area, after it had for a long time maintained a fairly basic online presence (excepting its activity on Facebook, of course).

“Ed-tech unicorn Byju’s, owned by Think & Learn Pvt. Ltd, has raised $31.3 million (Rs 215 crore at current exchange rate) in a fresh round of funding from existing investors General Atlantic and Tencent Holdings Ltd,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Byju (oper...

“Retail-focused non-banking financial company Kogta Financial has secured 154 crore in a financing round led by a fund managed by Morgan Stanley Private Equity Asia and existing backer IIFL Seed Ventures. The Morgan Stanley Private Equity Asia-managed fund invested about 114 crore for a minority sta...

“New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. The latest funding round will increase the total equity capital of the company to over 1,000 crore,” reported The Economic Times , with funding from Alpha Capita...

“China’s largest online travel agency now owns nearly half of India’s largest travel e-portal, MakeMyTrip, after a share-swap deal with South African internet giant Naspers Ltd,” reported Mint . Trilegal advised Naspers led by partner Yogesh Singh . National competition practice head and partner Nis...

Shardul Amarchand Mangaldas Delhi disputes partner Surjendu Sankar Das is going independent to set up a Supreme Court advocate-on-record and arbitration practice.

Shardul Amarchand Mangaldas (SAM) Bangalore private equity (PE) and venture capital (VC) partner Siddharth Nair has resigned, we understand from sources.

“Private equity fund Apis has picked up a 25.1 per cent stake in L&T Infra Debt Fund for $110 million, giving the L&T Finance Holdings arm access to low-cost global funds to refinance infrastructure projects in India,” reported ET . Phoenix Legal advised Apis Partners led by a team of part...

US private equity major Blackstone has proposed acquiring a majority stake in Indian packaging company Essel Propack Ltd (EPL) for an amount up-to ?3,211 crore (approximately $462 million), according to Bloomberg . Trilegal advised Blackstone led by a team of partners Nishant Parikh and Anirudh Agar...

It is well known that nearly every Supreme Court case is in want of an advocate-on-record (AOR), and several lawyers and law firms have made this a core part of their Supreme Court practice. After analysing more than 120,000 of the Supreme Court’s daily orders from 2018, we have now compiled a list of the busiest advocate-on-record (AOR) firms in the apex court, according to the number of orders mentioning their names.

The corporate practice area had 8 new PAs (with a nearly even split between Mumbai and Delhi), closely followed by disputes at 6 (all of which were in Delhi).

Baring Private Equity Asia has acquired for $700m (around Rs 4800 crores), IT and ITES provider NIIT Technologies from NIIT Limited and its founders, at Rs 1394 per share, followed by a mandatory open offer for 26 per cent shares of NIIT Technologies, according to reports . J Sagar Associates (JSA) ...

“Reliance to acquire 87% stake in chatbot maker Haptik: Reliance Industries Ltd (RIL) has agreed to acquire an 87% stake in artificial intelligence-based conversational platform Haptik,” reported VCCircle . Jio acquired the entire business undertaking of Haptik for a total consideration of Rs 700 cr...