Publishing house S Chand and Company Limited, together with one of its subsidiaries, has acquired a majority stake in Chhaya Prakashani Private Limited. Deal S Chand acquires majority stake in Chhaya Prakashani Value NA Deal Type M&A Sector Education Law firms AZB & Partners – S Chand; DMD Advocates – Chhaya Prakashani Partners/ Heads AZB & Partners – Sachin Mehta; DMD Advocates – Rashi Dhir S Chand was represented by AZB & Partners through a team led by Partner Sachin Mehta, along with Senior Associate Swati Chauhan. DMD Advocates acted for Chhaya Prakashani, with a team led by Senior Partner Rashi Dhir and Senior […]

International Finance Corporation (IFC) has invested Rs. 450 crore in Apollo Health and Lifestyle Limited. Pursuant to the investment, IFC will acquire a 29% minority stake in Apollo Health. Deal IFC invests in Apollo Health and Lifestyle Limited Value 450 crore Deal Type Private Equity Sector Healthcare Law firms Shardul Amarchand Mangaldas – IFC; Cyril Amarchand Mangaldas – Apollo Health Partners/ Heads Shardul Amarchand Mangaldas – Puja Sondhi; Cyril Amarchand Mangaldas – Nagavalli Gopalakrishna Shardul Amarchand Mangaldas acted for IFC, with a team led by Partner Puja Sondhi, along with Principal Associates Aayush Kapoor and Sumeet Singh, Senior Associates Sushrut Biswal and Vasundhara Garg, and […]

Electronic goods repair startup Gadgetwood has raised Rs. 30 crore from Duane Park Private Limited and Carpediem Capital Partners. Deal Gadgetwood raises money from Duane Park and Carpediem Capital Value 30 crore Deal Type Private Equity Sector IT/ On-demand repair for electronic gadgets Law firms Lakshmikumaran & Sridharan – Duane Park; Verus Advocates – Carpediem Capital Partners/ Heads Lakshmikumaran & Sridharan- Sumesh Sawhney; Verus Advocates – Dipankar Bandyopadhyay Lakshmikumaran & Sridharan acted for Duane Park, with a team led by Partner Sumesh Sawhney, Joint Partner Anurag Pareek, Principal Associate Vatsal Gaur and Associates Aishwarya Singh and Aman Parnami. Verus Advocates represented Carpediem Capital, through a team […]

Sheela Foam, a leading manufacturer of mattresses marketed under ‘Sleepwell’,  has raised Rs. 510 crore ($75 million) through Initial Public Offer (IPO). Deal Sheela Foam raises money from the public Value 510 crore Deal Type Capital Markets Sector Manufacture|Home based foam products Law firms Luthra & Luthra– Sheela Foam; Khaitan & Co – Edelweiss Financial Services & Limited and ICICI Securities Limited on Indian law issues Squire Patton Boggs– Edelweiss Financial Services & Limited and ICICI Securities Limited as US Counsel Partners/ Heads  Luthra & Luthra- Manan Lahoty and Vishal Yaduvanshi; Khaitan & Co – Abhimanyu Bhattacharya, Aditya Cheriyan; Squire Patton Boggs- Biswajit Chatterjee  Luthra & Luthra Law Offices acted […]

Dairy products company OSAM Dairy, owned by HR Food Processing Private Limited, has raised Rs. 45 crore from Lok Capital and Aavishkaar in its Series B round funding. Deal OSAM Dairy raises money from Lok Capital and Aavishkaar Value 45 crore Deal Type Private Equity Sector Food & Beverages Law Firms Vertices Partners – OSAM Dairy; JSA – Lok Capital; P&C Legal – Aavishkaar Partners/Heads Vertices Partners – Vinayak Burman and Archana Khosla; JSA – Aarthi Sivanandh; P&C Legal – Vishnu Jerome and Sameer Sibal Vertices Partners acted for OSAM Dairy, through a team led by Partners Vinayak Burman and Archana Khosla, along with Associate Manager Vishal Mehta and Associate Tanvi […]

Embassy Property Developments Private Limited has acquired a 73.41% stake in Mac Charles India Limited, which owns and operates Le Meridian Hotel, Bengaluru, for around Rs. 650 crore. Deal Embassy acquires 73.41% stake in Mac Charles Value Around 650 crore ($96 million) Deal Type M&A Sector Hospitality Law Firms Khaitan & Co – Mac Charles; Cyril Amarchand Mangaldas– Embassy Partners/Heads Khaitan & Co – Ganesh Prasad and Sharad Moudgal; CAM – Reeba Chacko Khaitan & Co acted for Mac Charles through a team led by Partners Ganesh Prasad and Sharad Moudgal, along with Senior Associate Mukund Thirumalai Srikanth and Associate H Muralikrishnan. Cyril Amarchand Mangaldas advised […]

Parjanya Wind Power Private Limited, a wholly owned subsidiary of India Infrastructure Fund II (a fund promoted by IDFC Alternatives) has acquired Jindal Steel and Power Limited’s (JSPL) 24MW wind power business for Rs. 105 crore. Deal IDFC Alternatives acquires JSPL’s wind power business Value 105 crore Deal Type M&A Sector Infrastructure Law Firms K Law – IDFC Alternatives; JSA– JSPL Partners/Heads K Law – Pradeep Ratnam and Sanket Sethia; JSA – Manwinder Singh Krishnamurthy & Co acted for IDFC Alternatives through a team led by Partners Pradeep Ratnam and Sanket Sethia, along with Associate Partners M. Arun Kumar, Deepak Chowdhury and Milind Jha. J Sagar Associates […]

Messaging app ShareChat has raised Rs. 26 crore from a consortium of investors including Lightspeed Venture Partners, SAIF Partners, India Quotient and VH Capital. Deal Lightspeed, SAIF & ors invest in ShareChat Value 26 crore Deal Type Private Equity Sector IT/Telecom Law Firms Link Legal- Lightspeed, SAIF, India Quotient and VH Capital; Kochhar & Co– ShareChat Partners/Heads Link Legal – Manish Gupta; Kochhar & Co – Sarika Raichur The investors were represented by Link Legal India Law Services, through a team led by Partner Manish Gupta along with Associate Shivam Tandon. Mohalla Tech Private Limited, the developers of ShareChat, was advised by Kochhar & […]

Hero MotoCorp has acquired a 30% stake in electric automotive maker Ather Energy Private Limited for around Rs. 200 crore. Deal Hero MotoCorp acquires 30% stake in Ather Energy Value 200 crore ($30 million) Deal Type M&A Sector Automobile Manufacturing Law Firms K Law – Ather Energy; JSA– Hero MotoCorp Partners/Heads K Law – Abhinav Singh; JSA – Venkatesh Raman Prasad Krishnamurthy & Co (K Law) advised Ather Energy on the deal, through team led by Parnter Abhinav Singh, along with Senior Associate Puneet Parihar and Associates Shria Soundararajan and Unnita Bhattacharya. J Sagar Associates acted for Hero MotoCorp, through a team led by Partner Venkatesh Raman […]

Anil Ambani’s Reliance Group is selling 49% stake in its radio business and its entire TV business to Zee Group entities for Rs. 1,900 crore. Phoenix Legal advised Reliance Broadcast Networks with a team led by Partner Siddharth Hariani along with Principal Associate Aditya Bhargav and Senior Associate Yashna Shrawani.   Luthra & Luthra advised the Zee Group and the core transaction team consisted of Partner – Deepak THM along with Partner Anshul Jain, who advised on the demerger of the general entertainment broadcasting business. Partner – Sundeep Dudeja advised on the regulatory aspects of the transaction while Partner Designate  – Kanika Chaudhary Nayar advised on […]