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06 February 2018
Corporate M&A

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.

25 January 2018
Corporate M&A

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.

10 January 2018
Corporate M&A

Itochu Petroleum Co, the Singapore-based subsidiary of Japanese trading company Itochu Corporation has announced the acquisition of 19.7% stake in Aegis Logistics' wholly-owned subsidiary, Hindustan Aegis LPG (HALPG), for INR 239 crores (apporximately $37.8m), as reported by Business Standard and VC Circle in May of last year. In addition to India, Itochu Corporation, the Japanese multinational trading group specialising in oil & gas, metals and other commodities, operates LPG import hubs in Japan and the Philippines.

04 January 2018
Corporate M&A

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.

03 January 2018
Corporate M&A

“Ola, operated by ANI Technologies Pvt. Ltd, has acquired online food delivery start-up Foodpanda India from its German parent Delivery Hero AG in an all-stock deal that will see the ride-hailing firm infuse $200m in Foodpanda India’s operations,” reported Mint.

29 December 2017
Corporate M&A

Acadgild, the Bengaluru-based online education startup operated by Edvista Education Services has recently been acquired by Aeon Learning in an all-stock deal amounting to Rs 64 crores ($10m) as reported by VC Circle and Mint. Acadgild focuses on online degrees and skill development programmes in big data, deep learning and UI/UX design web development, among others and had raised initial investment from venture capital firm Jupiter Capital and K. Ganesh of GrowthStory.

28 December 2017
Corporate M&A

“Indo-UK Institute of Health (IUIH), a healthcare provider, said that work on the second of its 11 Medicity facilities in Amaravati is slated to begin in the coming days as IUIH is scheduled to get possession of allotted land from the Andhra Pradesh government very soon. The hospital is being built in association with King's College Hospital, London, at an investment outlay of Rs 1,600 crore,” reported the Times of India.