"Flipkart Ltd has acquired Jabong through its unit Myntra in a cut-price deal that values the online fashion store at $70 million, moving to preserve its position as India’s No.1 e-commerce marketplace in the face of an onslaught by Amazon India,” reported Mint.

"With non performing assets-saddled banks trying to raise money from sale of non-core assets, global credit information company TransUnion has raised its stake in its Indian subsidiary Cibil to 77.1% by buying out ICICI Bank and Bank of Baroda’s holding in it.” reported Mint.

“Sajjan Jindal-controlled JSW Energy has agreed to acquire a 500 MW thermal power plant located in Madhya Pradesh from Jaiprakash Power Ventures for an enterprise value of ₹2,700 crore in an all-cash deal.” (Hindu Businessline)

"Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. ... said it had agreed to acquire a 51% stake in Privi Organics Ltd for about Rs 370 crore. Privi Organics is a supplier of aroma chemicals to many large fragrance and consumer goods companies globally.” reported Mint.

Pursuant to the liberalisation of foreign investment in the insurance sector, Prism Cement sold 23% out of its 74% stake in Raheja QBE General Insurance Company to an affiliate of QBE Asia Pacific Holdings for Rs 110 crore (AUD 21.5m).

Shearman & Sterling, DLA Piper, White & Case and Allen & Overy had the largest number of recorded Indian M&A deals in the first six months of 2016, according to data intelligence provider mergermarket, each with five or four transactions.

Cyril Amarchand Mangaldas has topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $6.2bn worth of transactions, followed by AZB & Partners and Vaish Associates, with stronger performances across the board than at the same time last year.

Nirma will buy Lafarge India’s assets for $1.4bn from LafargeHolcim according to reports, with several law firms getting a slice of the action including Ashwath Rau’s old and new firm.

Talwar Thakore Associates (TTA) has advised Reliance Industries (RIL) on a joint venture agreement to set up a payments bank with State Bank of India (SBI) on 30 June, in which RIL will hold a 70 per cent stake.

IndusLaw and Gibson Dunn advised Amplus Energy Solutions and I-Squared Capital on their acquisition of various SunEdison Special Purpose Vehicles (SPV) developing and operating around 7 MW rooftop solar power assets in India. SunEdison was advised in house.

Taxi aggregator Uber started a joint venture with Tata Motors, which envisages Uber drivers buying Tata cars financed via Tata Capital Financial Services and Tata Motors Finance loans with insurance from Tata.

Economic Laws Practice (ELP) advised thermal power company BLA Power on Prism Cement’s acquisition of 15.23 per cent stake in it for 21 crore ($3m). Prism was advised by Shardul Amarchand Mangaldas (SAM).

HDFC Standard Life Insurance, a joint venture between HDFC and Standard Life, will be absorbing Max Life Insurance and Max Financial Services, according to reports , in what is billed as the biggest ever consolidation in the private insurance space in India.

Cyril Amarchand Mangaldas Mumbai projects partner L Viswanathan and corporate partner Jaya Singhania advised Welspun Energy on selling the assets of Welspun Renewable Energy to Tata Power, which was advised by AZB & Partners partner Shameek Chaudhuri.

Nanavati & Nanavati Advocates advised gas industry components maker Siddha Gas Technik on its joint venture with Norwegian company Hexagon Composites which was advised by The Law and Options.

Cyril Amarchand Mangaldas (CAM) and Dr Behrooz Akhlaghi & Associates advised India Ports Global and India’s shipping ministry on setting up a company in Iran to run the Chabahar port.

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