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Alpha Partners advised online grocery service Mera Grocer on its acquisition by the hypermarket chain Spencer’s Retail which was advised by Khaitan & Co.

Alpha Delhi partner Akshat Pande acted for the Omnipresent Retail-owned Mera Grocer which currently operates in Gurgaon and some Delhi neighbourhoods.

Khaitan Mumbai partner Ashish Razdan, executive director Daksha Baxi, senior associates Alok Sonker, Shabnam Shaikh and Surajkumar Shetty, principal associate Shailendra Bhandare and associates Sunayana Bose, Abir Sarkar and Alisha Ganjawala acted for the RP-Sanjiv Goenka Group-owned multi-format retailer Spencer’s Retail.

Mera Grocer earns only Rs 5 crore in annual revenue but Spencer’s bought it less for its size and more for its robust information technology platform, reported Mint.

Shardul Amarchand Mangaldas advised Red Fort India Real Estate on its Rs 600 crore ($89m) exit from Exora Business Parks, selling its stake to Valdel Extent Outsourcing Solutions which was advised by Cyril Amarchand Mangaldas. CAM also advised Exora and the promoter Prestige Estate Projects

SAM Delhi partners Jatin Aneja and VR Neelakantan, principal associate Siddhartha Sen and senior associate Varun Nair acted for Red Fort India is a fund managed by Red Fort Capital.

CAM Bangalore partner Nagavalli Gopalakrishna acted for Valdel, Exora and Prestige.

Prestige Estates, through its subsidiary Valdel, bought 62.54 per cent of Red Fort’s stake in the special purpose vehicle (SPV) Exora that owns the villa project Silver Oak, reported the Times of India adding that Rs 250 crore worth residential stock was also part of the buyout.

Linklaters advised Banca Regionale Europea and 14 other Italian banks on Tech Mahindra and Mahindra & Mahindra’s buy of majority stake in Italian automotive brand Pinifarina. Gianni, Origoni, Grippo, Cappelli & Partners advised the Mahindra Group entities and Pavesio and Associates advised Pinifarina’s owner Pincar.

Linklaters Italy partner Francesco Faldi, managing associate Ettore Consalvi and associate Valentina Armaroli acted for the banks: Banca Regionale Europea, Intesa Sanpaolo, Banca Nazionale del Lavoro, UniCredit, Banca Monte dei Paschi di Siena, Banco Popolare Società Cooperativa, UBI Leasing, Monte dei Paschi di Siena Leasing & Factoring, Banca per i Servizi Finanziari alle Imprese, Selmabipiemme Leasing, UniCredit Leasing, BNP Paribas Leasing Solution, Release, Mediocredito Italiano and Banca IM

Gianni senior partner Francesco Gianni acted for IT, Networks and Engineering solutions and BPO services provider Tech Mahindra and Mahindra & Mahindra.

Pavesio founder Carlo Pavesio acted for Pincar on the sale of its automotive and industrial design brand which will continue to remain an independent company, listed on the Milan Stock Exchange, according to Linklaters’ press release.

As part of the agreement, Tech Mahindra and M&M will form a joint venture (JV), with 60 per cent stake held by Tech Mahindra. This JV will purchase 76.06 per cent stake in Pininfarina at a price of Euro 1.1 per share, followed by an open offer for all the remaining ordinary shares of Pininfarina, also at Euro 1.1 per share. A rights issue to infuse funds into Pinifarina will also be executed before the end of 2016, added the release.

The 85-year-old Pinifarina is an iconic design brand and has relationships with the best in the automobile industry including with Ferrari, Alfa Romeo, Maserati and Peugeot. But it has remained unprofitable for 10 of the last 11 years, with a consolidated revenue of 86.6 million Euros in 2014, reported The Hindu.

Shardul Amarchand Mangaldas advised Texmaco Rail & Engineering on purchasing 55 per cent stake in Bright Power Projects (India) from Bright Power’s promoters who were advised by Kanga & Co. __SAM Delhi M&A partner Kalpataru Tripathy, senior associates Navin Kumar and Aditya Mehra and associate Roma A Das acted for Texmaco.

Kanga Mumbai senior partner Preeti Mehta acted for Bright’s promoters.

Bright Power is now a subsidiary of Texmaco, specialising in over-head electrification solutions for the railways with over 400 executed electrification projects in India, according to SAM’s press release.

The original board approval to Texmaco was for acquisition of 76 per cent stake in Bright Power for Rs 100 crore, according to VCCircle.

Link Legal India Law Services advised Russia based investors Ru-Net on their $20m (Rs 134 crores) investment in app-based restaurant chain Faasos which was advised by BMR Legal.

Link Legal Delhi partner Manish Gupta and associates, Sweta Rao and Ashish Ahluwalia acted for Ru-Net.:

BMR Mumbai partner Siddharth Nair and associate Hardik Bhatia acted for Faasos.

Themis Associates Bangalore senior associate Dheeraj Khanna advised the existing investors Sequoia and Lightbox which were also part of the $30m round.

Faasos is an internet based food company, currently operating in six cities in India including Pune, Mumbai, Bangalore, Chennai, Ahmedabad and Baroda. Faasos was reportedly valued at $130 m-$160 m (Rs 870 crore-Rs 1,071 crore reported the Economic Times, and the investors now own a combined majority stake in the startup.

Khaitan & Co advised B9 Beverages on selling 20 per cent stake to Sequoia Capital which was advised by Themis Associates.

Khaitan Delhi associate partner GT Thomas Phillippe, principal associate Arjun Rajagopal and associate Akshaya Iyer acted for B9.

Themis Bangalore principal associate Ashwani Verma acted for Sequoia.

The Craft beer company B9 raised $6m (Rs 37 crore) in this round which included, in addition to Sequoia, Snapdeal and Zomato as investors for its handcrafted beer brand Bira91, reported Your Story.

Cyril Amarchand Mangaldas advised Essar Oil on its $559m (Rs 3,745 crore) delisting of shares from stock exchanges.

CAM managing partner Cyril Shroff, Mumbai corporate partner Ravi Kumar and partner designate Anchal Dhir acted for Essar oil on this largest Indian delist offering in terms of its payout to investors.

The company is expected to announce a delisting price of Rs 262.8 per share due to LIC’s decision to hike the price by nearly 10 per cent, which will lead the promoters - Ruias - to pay more to investors, reported the Times of India.

AZB & Partners and Clifford Chance Hong Kong advised global investment banking major Goldman Sachs on its $66m (Rs 441 Crore) acquisition of minority stake in Indian hotel investor Samhi Hotels which was advised by Economic Laws Practice (ELP) and Jones Day. Khaitan & Co and Trilegal advised existing investors GTI Capital and IFC

AZB Mumbai partner Nilanjana Singh and senior associate Rinki Ganguly and associate Vijay Manjrekar, and Clifford Chance Hong Kong partner Neeraj Budhwani, senior associates John Koshy and Cheris Wong advised Goldman Sachs.

ELP Mumbai partners Sujjain Talwar and Darshan Upadhyay, associate partner Aakanksha Joshi and associate managers Amruta Kelkar and Kanisha Vora, and Jones Day Singapore partners Dennis Barskyand Karthik Kumar and associate Caitlyn McCarthy advised Samhi.

Khaitan Delhi partners Bharat Anand and Joyjyoti Mishra, principal associate Arjun Rajagopal and associate Nidhi Kilawala advised GTI Capital.

Trilegal Delhi partner Ravindra Bandhakavi, counsel Vaibhav Kothari and senior associate Parnika Malhotra acted for IFC

AZB & Partners overtook Khaitan & Co, and the split firms of Amarchand Mangaldas, on data provider Mergermarket’s M&A leader board this year, where the combined deal value of the Amarchand Mangaldas firms would have led the value rankings by a margin of $4bn.

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