Ingenico Group, which has a 50% market share of credit card swipe machines installed in India, has acquired TechProcess Payment Services, an electronic payment company which owns Billjunction. Deal Ingenico Group acquires 100% securities in TechProcess Payment Services Value Undisclosed Sector IT Deal Type M&A Law firms Khaitan & Co: Ingenico Group, BMR Legal: TechProcess Payment Services Partners/Heads Khaitan & Co: Rabindra Jhunjhunwala, Sameer Shah, Adheesh Nargolkar BMR Legal: Amit Khansaheb Khaitan & Co acted as the Indian legal counsels for Ingenico with the core transaction team comprising of partners Rabindra Jhunjhunwala, Sameer Shah along with Associate Yashvi Singh. The core team was […]

Jubilant Life Sciences has raised ₹495 crore ($74 million) by issuance of redeemable Non-Convertible Debentures on a private placement basis. Deal Jubilant Life Sciences issues securities on private placements basis Value ₹495 crore ($74 million) Sector Pharmaceutical: Life Sciences Deal Type Capital Markets Law firm AZB & Partners Partners/Heads  Vinati Kastia AZB & Partners acted for Jubilant Life Sciences through a team led by Partner Vinati Kastia along with Senior Associates Ankit Tandon and Dushyant Bagga. The company is engaged in manufacturing and supply of active pharmaceutical ingredient (APIs), solid dosage formulations, radio pharmaceuticals, allergy therapy products and life science ingredients.

Toppan Printing Co. (Toppan) of Japan has acquired a 49% stake in Max Speciality Films Limited (MSF), of which 35.93% has been sold by MSF to Toppan and the remainder 13.07% constitutes issue of fresh shares. Deal Toppan acquires 49% equity in MSF Value ₹200 crore Sector Manufacturing Deal type M&A Law Firms Shardul Amarchand Mangaldas: Toppan, AZB & Partners: Max Ventures and Industries Limited & MSF Partners/Heads AZB & Partners: Anil Kasturi and Nandita Govind; Shardul Amarchand Mangaldas – Rudra Kumar Pandey AZB & Partners advised MVIL and MSF on the transaction through a team lead by Anil Kasturi and Nandita […]

JTEKT Corporation, an existing shareholder of Sona Koyo Steering Systems Limited (SKSSL), has entered into an agreement to acquire the 25.12% stake presently held by Sona Group in SKSSL for a total consideration of Rs. 419.28 crore. Deal JTEKT acquires Sona Group’s 25.12% stake in SKSSL Value 419.28 crore Sector Automobile Manufacturing Deal Type M&A Law Firms Jupiter Law Partners – JTEKT, Nishumura & Asahi – JTEKT (foreign counsel); Cyril Amarchand Mangaldas – Sona Group Partners/Heads Jupiter Law Partners – Jagvir Singh, Debashish Sankhari and Madhular Tomar; Cyril Amarchand Mangaldas – Gautam Gandotra, Bharat Budholia Jupiter Law Partners acted for JTEKT through a team […]

Trilegal is advising JERA Co., (JERA) Inc on its investment in ReNew Power Ventures Private Limited (ReNew Power), one of India’s largest renewable energy companies. Deal JERA invests in ReNew Power Value Undisclosed Sector Power Deal Type PE Law Firms Trilegal, Allen & Overy: JERA; Nishith Desai Associates: ReNew Power & Goldman Sachs (majority investor) Partners/Heads A&O: Simon Black; Trilegal: Akshay Jaitly, Neeraj Menon, Samsuddha Majumder, Ravindra Bandhakavi; Nishith Desai Associates: Rajesh Simhan and Karan Kalra The Trilegal team was led by partners Akshay Jaitly, Neeraj Menon, Samsuddha Majumder, Ravindra Bandhakavi and supported by counsels Anuja Tiwari, Dushyant Kumar, Moksha Bhat, Nayantara Nag […]

Nuance Communications has acquired Noida-based mobile value added services company mCarbon Tech Innovations for $36 million (around 240 crore). Deal Nuance Communications acquires mCarbon Value $36 million (around 240 crore) Sector IT/Telecom Deal Type M&A Law Firms Link Legal  – mCarbon; Kochhar & Co – Nuance Communications; Morrison Cohen – JP Morgan (financial adviser) Partners/Heads Link Legal – Manish Gupta; Kochhar & Co – Stephen Mathias; Morrison Cohen – Anthony M Saur Link Legal acted for mCarbon and its shareholders on the deal, through a team led by Partner Manish Gupta, along with Associates Shivam Tandon and Suraj Meher. Nuance was represented the Bangalore office […]

Juris Corp acted as legal advisor to IndianOil LNG Private Limited, a group company of Indian Oil Corporation Limited, in relation to Rs. 2,800 crore term loan facility extended to the company by a consortium of six banks led by State Bank of India. Deal IndianOil LNG Private Limited avails term loan by a consortium of 6 banks led by State Bank of India. Value ₹2,800 crore Sector Infrastructure Deal Type Banking & Project Finance Law firms Juris Corp– IndianOil LNG Private Limtied andIndian Oil Corporation limited Partners/Heads Veena Sivaramakrishnan, Nand Gopal Anand  Juris Corp team was led by Partners Veena Sivaramakrishnan and Nand Gopal […]

Private equity backed diagnostics chain Metropolis has acquired Gujarat-based Sanjeevani Pathology Labs in an all-cash transaction for an undisclosed amount. Deal Metropolis acquires Sanjeevani Pathology Labs Value Undisclosed Sector Healthcare Deal Type PE Law Firms Desai & Diwanji – Sanjeevani Pathology Laboratory; Khaitan & Co – Metropolis Healthcare Partners/Heads Desai Diwanji – Madhavan Srivatsan; Khaitan & Co – Anuj Sah Desai & Diwanji advised the sole proprietor of Sanjeevani Pathology Laboratory with a team lead by Madhavan Srivatsan (Partner) along with Sougata Kundu (Senior Associate), Sweta Rao and Angshuman Choudhury (Associates). Khaitan & Co advised Metropolis Healthcare Limited with a team lead by […]

Milk Mantra Dairy, a dairy manufacturing company based out of Odisha, has raised around Rs. 66.5 crore in a series D round of funding from Neev Fund, Eight Roads Ventures and Aavishkaar. Argus Partners acted for Milk Mantra through a team led by Managing Partner Krishnava Dutt, along with Partner Arka Majumdar and Associate Shradha Rakhecha. Khaitan & Co acted for Neev Fund, while Trilegal represented Eight Roads Ventures and Aavishkaar. In 2014, Milk Mantra had raised around Rs. 80 crore from Fidelity Growth Partners and Aavishkaar. That same year, it had acquired Westernland Dairy, another dairy manufacturer in the […]

Japanese paper and pulp giant Nippon Paper has acquired 100% stake in India’s largest maker of paper beverage cups, Plus Paper Foodpac, a company promoted by BK Modi Group for approximately Rs. 100 crore, reported ET. Deal Nippon Paper acquires 100% stake in Plus Paper Foodpac Value Rs. 100 crore (approx) Deal Type PE Sector Paper manufacturing Law Firms Indian Law Partners, Mori Hamada & Matsumoto – Nippon Paper Industries; PDS Legal– Plus Paper Partners/Heads Indian Law Partners – Gopika Pant and Kanika Premnarayen; Mori Hamada & Matsumoto- Yohei Koyama; PDS Legal – Monika Deshmukh Indian Law Partners through a team led […]