Universal Legal advised Carlyle-backed Newgen KnowledgeWorks on acquiring a majority stake in Pune-based digital learning and software company Exult Infosolutions which was advised by LegaLogic Consulting.

"PayU Global, the digital payments provider owned by South Africa’s Naspers Group, will buy rival Citrus Pay for $130 million in an all-cash deal. PayU India will have more than 30 million customers post the acquisition of Citrus Pay. The company forecast it will process an estimated 150 million transactions, worth $4.2 billion, in 2016. The deal, once concluded, is expected to provide an attractive exit to Citrus Pay’s investors—Ascent Capital, Beenos and Sequoia Capital. PayU confirmed that the early investors will exit but declined to disclose details,” reported Mint.

"German drugs and crop chemicals company Bayer AG has won over US seeds firm Monsanto Co. with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time. The $128 a share deal, up from Bayer’s previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record. The deal will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry,” reported Mint.

"Anil Ambani-controlled Reliance Communications Ltd (R-Com) has signed a definitive agreement to merge its wireless business with smaller rival Aircel Ltd to create India’s third largest telecom operator by users,” reported Mint.

India-based language service provider Mayflower Language Services has entered into a joint venture with Polish language services provider Summa Linguae, which will see both companies take 25% minority stakes in each other. to “generate cost and revenue synergies” and “expand their existing range of services in new language pairs” to “cater to clients with more complex needs and higher expectations”, according to a company press release.

"In what could be termed as the biggest news in the gaming industry this year, Delta Corp Ltd., India’s largest gaming and hospitality company announced its foray into the online gaming space in a regulatory filing to the stock exchanges. In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. Ltd., the holding company which owns and operates Adda52.com and is saide to be the market leader in the online poker space in India,” reported gaming industry law blog GLaws.

"Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million,” reported Mint.

"Courier service provider Pigeon Express Pvt. Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt. Ltd), which suspended operations last week amid an organisational overhaul, in a cash and stock deal, said two people aware of the development,” reported Mint and others earlier this month.

Japanese healthcare media giant M3 has acquired a stake in Health Impetus Private Limited - which offers disease management services - from its existing shareholder, Health Care at Home India Private Limited, and by subscribing to equity shares in the target for an undisclosed amount.

"Tata Chemicals Ltd has agreed to sell its urea plant in Babrala, Uttar Pradesh, to the Indian unit of Norway-based Yara International ASA for Rs 2,670 crore, as it seeks to position itself as a maker of consumer products rather than fertilizers,” reported Mint and others.

"Credit rating firm ICRA Ltd said on Friday it has struck a deal to sell its software development arm, ICRA Techno Analytics Ltd, to IT firm Nihilent Technologies Ltd for Rs 68.75 crore ($10.3 million),” reported VCCircle.

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.

Aditya Birla cement competition mandate goes to AZBAditya Birla cement competition mandate goes to AZBAZB & Partners recent lateral partner Nisha Kaur Uberoi has on 8 August obtained phase 1 merger clearance from the Competition Commission of India (CCI) for Ultratech Cement’s Rs 16,189 crore ($2.4bn) acquisition of the cement assets of the Jaypee Group.

CX Partners (a PE firm focused on the Indian mid-market) and Capital Square Partners sold for $420m its stake in Minacs to Concentrix Global Holdings Inc., a subsidiary of Synnex Corporation, as reported by the Economic Times as one of the largest in the business process outsourcing (BPO) sector, and Concentrix’ second largest deal.

"Shanghai Fosun Pharmaceutical (Group) Co. Ltd, the Hong Kong-listed company controlled by billionaire Guo Guangchang, will acquire India’s Gland Pharma Ltd for $1.3 billion (Rs 8,700 crore), the company announced on Thursday. According to the agreement, Fosun will acquire an approximate 86% stake in Gland, including the 36% stake held by existing private equity firm KKR & Co,” reported Mint.

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BCI chairman to LI: ‘We don't take notice of small mosquitoes like u.’ Now you ‘spread Dengue’, ‘our members will take care of you’

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NUJS to double batch size, open 2 new ‘branches’ in last-minute WB proposal slipped into EC meet today

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Revealed: Ex-judge wrote ‘patently illegal’ NUJS service rules for Rs 75k, condemned by profs as ‘suicidal’

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NLU Shimla’s new VC from DU reveals how he hopes to build a destination for education and more

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Dodgy NUJS decoration contract still hasn’t been cancelled by VC, despite scathing judicial report

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Court Cuts: High cauvery drama in SC today as seniors clashed, laughed (and didn’t share water)

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‘Open legal market immediately’, proposes Indian Nat’l Bar Ass’n (INBA) in liberalisation report

Court Cuts: When The Hindu persuaded Justice JS Khehar to change his mind

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Nalsar students & admin step up to deal with open letter alleging campus sexual assault

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BCI cancels Rs 48+ lakh biz class USA trip for 12+ members: ‘India no more a slave. Mind it.’

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NUJS drafts hilariously draconian service rules limiting faculty and staff freedoms like blogging, criticism, letter writing, bad family, etc…

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