“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.

Japan’s Mitsubishi Chemical Corporation will buy the PVC compound business of Mumbai’s Welset Plast Extrusions, which is engaged in master batch (including PVC master batch) and PVC compound businesses. The transaction will complete in autumn of this year, according to Mitsubishi’s press release.

Global leader in mobility safety, US-based Key Safety Systems has completed the global acquisition of the bankrupt Japanese car safety systems maker Takata Corp. for $1.58 billion through a combination of equity and debt, to merge and form a combined entity re-branded as Joyson Safety Systems and is headquartered in Michigan, US, reported Economic Times. The deal earlier announced on June 25, 2017, was funded by a consortium led by Joyson Electronics and Asia-based PE firm PAG Asia capital and did not involve liabilities related to the recall of Takata’s ammonium nitrate airbag inflators.

Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.

Vaish Associates has promoted 10 to principal associate and 5 to senior associate effective 1 April 2018 (see full list below).

ICICI Venture, the private equity arm of India’s largest private-sector lender ICICI Bank, has entered into a definitive agreement to acquire a minority stake of around 14% in popular women’s legwear brand Go Colors owned by Chennai-based apparel maker, Go Fashion India by investing Rs 100 crores (around $15.6m), through its fourth PE fund – India Advantage Fund Series 4, as reported by VC Circle and The Economic Times. The current investment is the ICICI Ventures’s first retail apparel investment in the past decade and also marks as the second for the women’s apparel brand, pursuant to an initial investment of Rs 60 crores by Sequoia Capital India Investments IV in November, 2014, wherein Sequoia acquired 33.33% stake in Go Fashion India.

Attorney general KK Venugopal spoke at an event late last month about foreign lawyers in India, according to the Times of India:

Legacy Law Offices, founded by managing partner Gagan Anand in 2010, has promoted 1 to salaried partner:Vinay Kumar, disputes.

Delhi-based intellectual property (IP) boutique Care Intellect promoted senior associate Sanchay Mehrotra to associate partner.

Argus Partners has promoted four associates to various associate rungs. Name Promoted to City Debopam Dutta Managing Associate Mumbai Prerana Amitabh Managing Associate Delhi Swapnil Gupte Senior Associate Mumbai Ekta Bhasin Senior Associate Delhi