US-based fund manager, Global Infrastructure Partners (GIP) along with co-investors have announced the acquisition of Asia’s largest renewable energy firm, Equis Energy through a 100% cash deal, as reported earlier by VC Circle and The Economic Times. The deal is considered to be the the largest renewable energy generation acquisition in history and was completed on January 19, 2018.

Canadian billionaire Prem Watsa-owned Fairfax India Holdings has entered into an agreement to acquire a 51% stake in Kerala-based Catholic Syrian Bank for an estimated Rs 1,200 crores ($186m) through a full equity infusion, as reported by The Economic Times and Mint. The deal, subject to shareholder and regulatory approvals, is expected to close in the first half of 2018, paving way for the first acquisition of an Indian bank by a foreign non-banking financial entity.

Emerging food delivery startup, Grab.in, has raised a funding of Rs 9 crores ($1.5m) from SIDBI Venture Capital, the wholly owned subsidiary of SIDBI, as reported by YourStory and MoneyControl. With the current funding, SIDBI will be joining the list of Grab's investors that include Aramex Ventures, Zomato, and Sixth Sense Ventures. The Mumbai-based startup had earlier raised $1 million from Oliphans Capital and independent investor Haresh Chawla in April 2015, while Zomato had invested an undisclosed amount in the startup five months later.

Mint reported:

Paytm appoints Pallavi Shroff as board member to boost legal firepower

Benglauru: The move by payments firm Paytm to appoint veteran lawyer Pallavi Shroff as a board member is an indicator that

J Sagar Associates (JSA) acted as the Indian legal advisors to the Marvell Technology Group in the transaction and was represented by partner Probir Roy Chowdhury along with principal associate Vishnu Nair.

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India's largest e-payments brand Paytm as a director, reported Business World.

Leading investment and financial services firm, Jupiter Capital has recently completed the acquisition of up to 33 lakh shares amounting to nearly 66% of BSE-listed non-banking financial company TRC Financial Services, by way of an open offer to the shareholders and contractual arrangements for an aggregate transaction value of Rs 5.92 crores (around $924,000). The offer price of the fully paid shares of TRC Financial Services was quoted at Rs 18 per share.

Former J Sagar Associates (JSA) Mumbai principal associate Shaswata Dutta joined Trilegal Mumbai as counsel this month.

Gurgaon-based upcoming micro-delivery grocery platform has secured Rs 19 crores (around $3m) in a Pre-Series A funding round, led by Unilever Ventures Holdings the investment arm of Unilever PLC, as reported by The Times of India and Mint. The grocery delivery platform had raised around $500k in another Pre-Series A funding round from Blume Ventures and Lenovo Capital and Incubator Group, earlier in August, 2017.

Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.