Dow Chemical and DuPont have recently completed their planned $130 billion merger to form Dow DuPont after the Competition Commission of India (CCI) cleared the said transaction, with certain modifications. Dua Associates acted as the Indian antitrust counsel for Dow Chemicals and the team was led by Partners Shiraz Patodia, Shashivansh Bahadur, Neeraj Kumar and Kunal Mehra. Cleary Gottlieb Steen & Hamilton LLP was the instructing counsel for Dow. Shardul Amarchand Mangaldas was the counsel for DuPont with Skadden, Arps, Slate, Meagher & Flom LLP being the instructing counsel. Shardul Amarchand team was led by Partner Harman Sandhu along with Yaman Verma […]

Hyderabad-based renewable energy producer Mytrah Energy has raised Rs. 2,100 crore from Piramal Group’s financial services companies. These funds are being invested in the form of non-convertible debentures (NCDs) into two Mytrah group entities —  Mytrah Energy (India) (Rs. 1,050 crore) and Mytrah Ujjwal Power (Rs. 900 crore). Trilegal advised Mytrah Energy. The Trilegal team was led by Partner Charandeep Kaur along with Counsel Ramakant Rai, Senior Associate Naved Ali Alvi and Associate Harshit Anand. Agram Legal Consultants acted for Piramal and the team was led by Parter Vaishali Sharma and Vivek Pillai. Linklaters acted as international counsel for Piramal. The […]

Budget hotel chain Treebo Hotels has raised $34 million (Rs. 220 crore) in its Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Matrix Partners India, and Bertelsmann India Investments also participated in the round, reported VCCircle. Rajaram Legal acted for Treebo Hotels. The team was led by Partner . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access […]

Just Buy Live, an online distribution platform connecting brands with retailers and small and medium enterprises, has raised a Series-B round of $100 million from Ali Cloud Investments, a Dubai-based boutique investment firm. Khaitan & Co advised Just Buy Live and the team was led by Partner Bhavik Narsana along with Senior Associates Vidur Sinha and Niharika Mepani. Associate Director Vinita Krishnan along with Senior Associate Raghav Bajaj and Associate Sneh Shah advised on taxation . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access […]

Network International has sold its 100% stake in TOM Technologies Private Limited, a company housing the remittance technology business (popularly known as ‘Remit2india’) of TimesofMoney (a business engaged in cross border remittances, specializing in non-resident Indian remittances to India) to UAE Exchange. Nishith Desai Associates acted for Network International and team included Huzefa Tavawalla, Ashish Alexander and Nishchal Joshipura. Talwar Thakore & Associates advised UAE Exchange and the team was led by Partner Kunal Thakore along . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access […]

Branded budget hotels marketplace OYO Rooms has closed a $250 million (about Rs 1,600 crore) round of funding, which was led by its existing investor SoftBank along with with new investor Hero Enterprise. IndusLaw acted for OYO Rooms and the founder and the team was led by Partner Avimukt Dar along with Senior Associate Nitin Gera, and Associates Nikita Goyal and Aayush Sood. Partner Avik Biswas advised on Employment law while Partner Saurav Kumar advised on Regulatory Law. Morrison & Foerster LLP (Hong Kong) acted as international counsel for SoftBank with a team led by Partner Amit Kataria. Cyril Amarchand Mangaldas […]

Monsanto is selling its branded cotton seeds business in India to Hyderabad-based Tierra Agrotech. PDS Legal Partner Vihang Virkar, Executive Director Monika Deshmukh, Principal Associate Dheeraj Khanna and Associate Sakshi Kalra acted for Monsanto. Samvad Partners advised Tierra and team was led by Partner Ekta Bahl and Senior Associate Sandeep Pareekshit. Lakshmikumaran & Sridharan acted as IP and regulatory law counsel for Monsanto. Joint . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all […]

ASK Property Investment Advisors, the real estate private equity unit of ASK Group, and TVS Emerald Haven Realty have set up an investment platform to back residential projects of the property development arm of TVS Motor Company. The partners will jointly invest Rs 400 crore ($62 milllion) in affordable and mid-segment projects, reported VCCircle. Luthra & Luthra acted for . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all […]

TPG Growth and QRG, the family office of the promoters of Havells Group, acquired a significant minority stake in casual sports and footwear brand Campus Activewear. PDS Legal advised Campus Activewear and the team was led by Partner Probal Bhaduri along with Principal Associate Nidhi Arora, Senior Associate Nishant Arora and Associate Kajal Tandon. Shardul Amarchand Mangaldas acted for TPG Growth and QRG and the team was led by Partner Iqbal Khan, Counsel . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, […]

International Finance Corp (IFC), the private-sector investment arm of the World Bank, has sold its entire stake in Analjit Singh-led Max Group’s healthcare business for Rs. 423 crore ($65.3 million). IFC sold its stake in Max Healthcare Institute Ltd to Max India Ltd and Life Healthcare Group, South Africa’s second-largest hospital chain, reported VCCircle.

Infosys board has announced buyback of shares worth Rs. 13,000 crore ($2.03 billion). Infosys board is acquiring approximately 20% of the aggregate paid-up equity share capital and free reserves of the Company through the buy back route. AZB & Partners acted as Indian legal counsel for Infosys and the team was led by Partners Sai Krishna Bharathan, Sugandha Asthana and Harsh Maggon along with Senior Associate Palaq Vora.

Engineering conglomerate Larsen & Toubro (L&T) has entered into a definitive agreement for the divestment of its entire stake in L&T Cutting Tools with IMC International Metalworking companies BV, a company owned by Berkshire Hathaway Inc for Rs 174 crore. DSK Legal advised IMC International Metalworking Companies and the team included Chirag Jain, Aakriti Dubey, Prachi Gupta and Tushar Ajinkya. L&T and the Company were advised by Link Legal and the . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns […]

Orion, a global IT business solutions firm has acquired New York-based Vernalis Group, Inc. and India-based Vernalis Systems Private Limited in an all-cash deal. Vernalis provides custom software and technology solutions to a variety of enterprise clients in the financial services and professional athletics industries. Orion is backed by Washington, DC-based private equity firm Potomac Equity Partners, which was represented by Brown Rudnick LLP. Vernalis was represented by 

Five Star Business Finance has raised Rs 333 crores (about $50 million) in its Series C round led by Norwest Venture Partners and Sequoia Capital. Existing investors including a fund managed by Morgan Stanley Private Equity Asia and Matrix Partners also participated in the round, reported ET. Archana Rajaram and Priyadarshani Sherchan, Partners from Rajaram Legal acted for Matrix Partners and Five Star. The Mumbai team office of Themis Associates acted . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles […]

PVR Ltd is selling its bowling joint venture bluO entertainment to Smaaash Entertainment Pvt. Ltd for Rs. 86 crore in an all-cash deal. PVR owns 51% in PVR BluO, while Thailand’s Major Cineplex Group owns the rest. Shardul Amarchand Mangaldas acted for PVR and the team was led by Partners Akila Agrawal and Sourav Kanti De Biswas, along with Associate Sanchit Garg. ANM Global Inc. acted for Smaaash.  

Accudyne Industries, a portfolio company of BC Partners and Carlyle, recently sold its $1.245 billion compressor business Sullair to Hitachi Ltd. Suri & Suri Law Offices represented Accudyne on the sale, through a team led by Partners Shikhil Suri and Shiv Kumar Suri. Cyril Amarchand Mangaldas acted for Hitachi, through a team led by Partners Shishir Vayttaden and Pranay Chandra. Latham & Watkins . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival […]

Bajaj Finance is picking up nearly 11 per cent stake in mobile wallet company Mobikwik for about Rs 225 crore. Shardul Amarchand Mangaldas advised Mobikwik with a team led by Partners Amit Khansaheb and Rishi Jain along with Senior Associate Tejas Patel and Associate Vidushi Gupta. Chitale Law Associates acted  for Bajaj Finance Limited. AZB & Partners represented Treeline and Cisco, the existing investors while Themis Associates advised Sequoia.

Soft-Bank, the world’s largest technology investment firm, has bought a fifth of India’s most valuable startup — Flipkart — for a mammoth $2.5 billion, in a deal that marks the biggest private investment in the country’s consumer technology sector, reported ET. AZB & Partners acted for SoftBank and the team was led by Delhi . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register […]

US-headquartered private equity firm General Atlantic LLC has picked up a majority stake in Hyderabad-based share registry Karvy Computershare. General Atlantic is paying around $240 million (Rs 1,529 crore) for an 83% stake, reported VCCircle. AZB & Partners acted for General Atlantic LLC and the team was led by Partners Ashwath Rau, Vaidhyanadhan . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a […]

Private equity firm Advent International is acquiring a significant majority stake in innerwear maker Dixcy Textiles Private Limited. AZB & Partners acted for Advent International and the team was led by Partners Ashwin Ramanathan, Bhavi Sanghvi, Rink Ganguli along with Associate Dhruv Bhutia. Khaitan & Co advised Dixcy with a team led by Partners Haigreve Khaitan and Abhishek Sinha along with Senior Associate Abhishek Thanvi and Associate Puneet Rathsharma . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles […]

Biopharmaceutical company PlasmaGen BioSciences has raised $25 million (Rs 160.4 crore) from investors led by private equity firm Eight Roads Ventures India. Spectrum Legal Partner Vaishnavi Bhaskaran advised PlasmaGen. J. Sagar Associates advised Eight Roads and the team was led by Partners Manvinder Singh and Nalin Bawa along with Senior Associate Upasana Gupta. The investment will help PlasmaGen expand its product portfolio, deepen market . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival […]

In a deal announced in April, Flipkart had raised $1.4 billion from eBay, Microsoft, and Tencent at a valuation of $11.6 billion. In exchange for an equity stake in Flipkart, eBay had made a cash investment and sold its eBay.in business to Flipkart. With Flipkart now completing the acquisition of eBay’s India arm, it will begin offering the global inventory of eBay to . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access […]

FabHotels, a technology-driven budget hotel franchise, has raised $25 million in a Series B investment led by Goldman Sachs Investment Partners. Accel Partners, an existing investor, also participated in the round. The funds will further accelerate the nationwide expansion of FabHotels, reported ET. Trilegal advised Goldman Sachs and . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a subscriber ? Login

Dentsu Aegis Network (DAN) has acquired Sokrati, a Pune-head quartered Indian data-driven performance-marketing and analytics agency. DAN has purchased equity shares from Sokrati’s current shareholders Ashish Mehta, Anubhav Sonthalia and Santosh Gannavarapu and investor shareholders Inventus Capital Partners (Mauritius) Limited and IvyCap Ventures. DSK Legal advised DAN and the team was led by Associate Partner Pritha Jha along with Senior Associate Sanket Jain and Associate Pracheta Redhu. Cyril Amarchand Mangaldas advised the promoters of Sokrati and the team included Sindhushri Badarinath and Akshay Bhat. Samvad Partners advised the investors and the team included Partner Nivedita Nivargi and Associates Neeraj Vyas and Divya Shankara. DAN is also launching […]

Roadzen Inc. has acquired the India operations of AXA-Assistance by acquiring 100% equity stake in AXA Assistance India Private Limited from its sole shareholder Inter Partner Assistance SA. DMD Advocates advised Roadzen Inc and the team included Senior Partner Rashi Dhir, Senior Partner and Senior Associate Shivendra Singh. J. Sagar Associates advised AXA-Assistance India and the team was led by Partner Vivek K Chandy along with Senior Associate KZ Kuriyan. &nbsp . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles […]

Global private equity fund Carlyle has picked up 26% stake in SBI Cards from GE Capital. Carlyle is paying around Rs 2,000 crore ($300 million) for the transaction, reported ET. Cyril Amarchand Mangaldas acted for Carlyle and the team included Partners Vandana Shroff, Manisha Kumar and Manu Varghese along with Competition Partner – Bharat Budholia. Latham & Watkins team led by Partner

Jasper Infotech is selling its subsidiary Freecharge to public lender Axis Bank in an all cash deal, which can range between Rs. 380-400 crore. J. Sagar Associates is advising Jasper Infotech with a team led by Partner Sidharrth Shankar. Cyril Amarchand Mangaldas is representing Axis Bank with a team led by Partner Indranath Bishnu. The deal will provide some cash flow for Snapdeal, which is still . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival […]

Indian insurance company Global Insurance Services Brokers and its promoters Prabodh Thakker and Sunita Thakker have acquired the entire stake of 26% of Aon Holdings B.V in their Indian Insurance JV broking company, Aon Global Insurance Brokers for an undisclosed amount. Post the acquisition, the name of the company has been changed to Global Insurance Brokers Private Limited. DSK Legal led by Partner Satish Kishanchandani and Senior Associate Jayesh Kothari acted for . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, […]