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“In a deal led by Reliance Jio Director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

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.

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.

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