The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, has raised $10 million with a follow-up funding round led by the B Capital Group, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, along with existing investor DSG Consumer Partners, aggreg...

Listed company and product engineering solutions provider, AXISCADES Engineering Technologies has recently closed the initial phase of its acquisition of Bengaluru-based defence electronics firm Mistral Solutions for an aggregate transaction value of Rs 175 crore (approximately $27.24 million) as re...

“Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Avendus Capital provided financial advisory services to the latest funding round in Portea,” reported MediaNama.

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

Rahul Bajaj and Sameer Rashid Bhat, the only lawyers among India’s latest batch of five selected Rhodes Scholars we reported yesterday, have both crossed historical benchmarks to clinch the prestigious scholarships.

Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India’s share sale, reported the PTI.

“Private equity firm IDFC Alternatives has invested Rs 75 crore ($11 million) for a minority stake in ASG Eye Hospitals,” reported VCCircle.

Massive Vodafone-IDEA merger continues causing quakes in league tables half a year after having been announced…

Trilegal has voted to admit into its all-equity partnership counsel Ramakant Rai in its corporate practice and Nayantara Nag in the projects practice, effective 1 October.

Trilegal Delhi-based counsel Abhimanyu Ghosh will be joining Khaitan & Co in its energy, infrastructure and resources practice as an associate partner next week.

“International Finance Corp (IFC), the private-sector investment arm of the World Bank, will sell its entire 7.5% stake in Analjit Singh-led Max Group’s healthcare business for Rs 423 crore ($65.3 million),” reported VCCircle.

Trilegal has voted for J Sagar Associates (JSA) Mumbai banking and finance partner Kannan Rahul to join the firm’s partnership.

“Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. Accel Partners, an existing investor in FabHotels, also participated in the round,” reported Mint.

Indian insurance company Global Insurance Services Brokers Private Limited and its promoters Prabodh Thakker and Sunita Thakker have acquired the entire stake of 26% of Aon Holdings BV in their Indian insurance JV broking company, Aon Global Insurance Brokers Private Limited, for an undisclosed amount, as reported by The Economic Times and The Insurance Insider. Post the acquisition, the name of the company has been changed to Global Insurance Brokers Private Limited.

Trilegal has represented Ola Cabs owners ANI Technologies before the Competition Commission of India (CCI) against a complaint alleging abuse of a dominant position in Bangalore made by Meru cabs and Fast Track Call Cabs.

“Zee Entertainment Enterprises picked up about 12.5 % stake in Bengaluru-based Tagos Design Innovations,” reported Inc42.

Trilegal will move into a bigger office in Peninsula Business Park Tower B’s 17th floor, with space for around 200 staff, by next month, as AZB & Partners lateral hire Nisha Kaur Uberoi has joined Trilegal yesterday with a team of five.

As expected, Trilegal has completed its partnership vote today to admit AZB & Partners competition co-head Nisha Kaur Uberoi, after beginning voting yesterday as first reported on Legally India.