W adia Ghandy has promoted eight fee-earners to its partnership, growing to 41 partners. The new partners and their practice areas and LLB alma mater, respectively, are: Anant Kaushik (corporate; HNLU Raipur) Abinash Pradhan (real estate, litigation, ADR; KIIT Bhubaneswar) Abir Patel (real estate; M...

The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects and expects to fully deploy its money in two years. Arun Mehta, MD SBI Capital Markets and Chairman, SBICAP Ventures, told ET in an ...

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 ...

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...

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...

AZB & Partners has hired Wadia Ghandy partner Gautam Ganjawala as a partner in its Mumbai finance practice with a team of two senior associates.

Japanese conglomerate Marubeni Corporation has agreed to invest in a residential project of Mumbai-based developer Wadhwa Group, marking its maiden deal in India’s real estate sector. Tokkyo-based Marubeni said in a statement it is investing in the Atmosphere housing project via non-convertible debe...

Chalet Hotels Limited (Chalet), today signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels Private Limited (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels Private Limited (SHPL) based on an aggregate enterprise value of ~Rs.290 crore. — E...

Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said “the company has successfully concluded the transaction with GlaxoSmithKline Pharmaceutic...

L&L Partners advised Symbiotec Pharma Lab Pvt Limited led by a team of partner William Vivian John along with managing associate Deepak Kumar and associate Tanaya Sanyal.

Singapore’s sovereign wealth fund GIC has acquired a ‘significant minority’ stake in Provenance Land for an undisclosed amount, the realty firm said. GIC had in December last year bought 33.34 per stake in DLF’s rental arm DLF Cyber City Developers Ltd (DCCDL) for about Rs 9,000 crore. — The Economi...

“An NBFC focused on two-wheeler financing Wheels, EMI Private Limited … announced that it has raised Rs. 100 cr in Series B funding,” reported The Economic Times . Samvad Partners advised WheelsEMI Private Limited led by a team of partner Vineetha MG ; partner Aparna Ravi ; partner Neela Badami ; se...

Wadia Ghandy has promoted six of its senior associates to partnership.

Sequoia and SAIF’s stake in Walnut, a Bangalore based personal finance management app-maker, was acquired by Capital Float, a Bangalore based digital lending platform (in which Sequoia and SAIF are existing investors) for $30m, according to reports . Themis Associates advised Sequoia Capital and SAI...

Wadia Ghandy Mumbai partner and litigator Kingshuk Banerjee is set to join Khaitan & Co as partner, as part of a larger plan at the firm to scale up its disputes practice.

“Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of the Adani Group, announced that it has executed a Share Purchase Agreement between Larsen and Toubro Ltd, Marine Infrastructure Developer Pvt. Ltd (MIDPL), L&T Shipbuilding Ltd and Adani Kattupalli Port Pvt. Ltd to acquire 97 per cent shares of MIDPL. MIDPL is the developer and operator of Kattupalli Port,” according to Steelguru.

“Manappuram Finance Ltd, Kerala-based gold finance non-banking financial company (NBFC), has acquired an 85% stake in Indian School Finance Co. (ISFC) from existing impact investors Gray Matters Capital and Caspian, the companies said in a statement,” according to Mint . Cyril Amarchand Mangaldas ad...

Wadia Ghandy litigation head and partner Farid Karachiwala is joining J Sagar Associates (JSA) as equity partner in Mumbai with his team of five lawyers.

Wadia Ghandy homegrown partner Swapnil Khatri has joined IndusLaw as partner in Mumbai in its disputes practice.

Noida-based listed publishing technology and services company, MPS has entered into a definitive agreement to acquire the e-learning business of Tata Industries, Tata Interactive Systems India along with its wholly-owned Swiss and German subsidiaries, Tata Interactive Systems AG and Tata Interactive...