Networking giant Cisco acquired 42hertz, the SaaS-based from Bangaluru.

— Varindia

AZB & Partners advised Cisco Systems Inc led by a team of partners Gautam Shah, Dushyant Bagga and Sachin Mehta, and senior associate Harshit Chandra.

2019-08-08

Deal value: Confidential

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Mahindra and Mahindra will be issuing non-convertible debentures worth Rs 1,000 crore for a tenure of three years to raise capital at a time when corporates are facing a liquidity crunch due to the lockdown imposed to contain the Covid-19 pandemic. The rated, listed, unsecured, redeemable non-conver...

Bharucha & Partners advised UltraTech Cement Limited led by a team of partner Alka Bharucha, managing associate Ayesha Bharucha, associate Aishwarya Gupta.

ANM Global has hired A&A Law Firm partner Sukhamrinder Singh Ahluwalia as a partner, adding to its corporate advisory, regulatory, arbitration and commercial practice, according to a press release.

US – Data collection and research services firm Schlesinger Group has acquired online sample and survey research company Market Cube. — Www.Research-Live.Com AZB & Partners advised Gauge Capital / Schlesinger Global, LLC led by a team of partners Ashwath Rau , Prerak Ved , Hufriz Wadia , Veena ...

Gaming firm Nazara Technologies has invested ₹83.5 crore in Mumbai-based Paper Boat Apps, an independent studio. Nazara has acquired 51% stake at a pre-money valuation of ₹154 crore. — The Economic Times IC Universal Legal advised Nazara Technologies Limited led by a team of partner Souvik Roy , ass...

Torrent Power Limited issued 1,000 redeemable non-convertible debentures worth around $13.3m on 19 March 2020 via private placement. Shardul Amarchand Mangaldas & Co advised Torrent Power Limited led by a team of partner Debashree Dutta , senior associate Arijit Sarkar , and associate Anshuman ...

Siemens India’s promoter group rejigged its holding in the company as the German parent Siemens AG transferred 24% stake in the Indian arm to subsidiary Siemens Gas and Power Holding BV in line with the conglomerate’s global strategy. The overall holding of the parent group remained unchanged at 75%...

Private sector lender Axis Bank … said it would acquire an additional 29 per cent stake in Max Life Insurance for an estimated price of Rs 1,592 crore, raising its total holding in the life insurer to 30 per cent after the completion of the deal. — Business Standard Cyril Amarchand Mangaldas advised...

Singh & Associates has hired L&L Partners litigation managing associate Apoorve Vashistha as a partner designate in its Gurgaon office’s dispute resolution practice.

The Board of Bharti Airtel has launched a qualified placement of shares worth $2 billion and overseas convertible bond issue for raising another $1 billion. The amount raised will be used for payment of statuary dues and capital expenditure. — The Economic Times AZB & Partners acted for Bharti ...

Gogreenbov has raised seed funding from the Shell E4 Startup Incubator program, according to the incubator.

HSA Advocates advised Gogreenbov led by a team of associate partner Vatsal Gaur and senior associate Mitra Arabandi.

Also advising was the Shell in-house legal team.

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Norway-based Nordic Microfinance Initiative (NMI) and Carpediem Capital have agreed to invest Rs 67.5 crore in Sindhuja Microcredit, a New Delhi-based rural focused micro finance institution. NMI and Carpediem will pick minority stakes in the company, which provides financial services to the bottom ...

Tata group Wednesday announced the transfer of its branded food business from Tata Chemicals Ltd to Tata Global Beverages Ltd in an all shares deal that will create an over Rs 9,000 crore giant. — Business Standard AZB & Partners advised Tata Chemicals Limited (“TCL”) led by a team of Corporate...

Anicut Angel Fund has made its maiden investment and led a pre-Series A round of close to a $1 million in Hyderabad-based Neeman’s, an eco-conscious footwear brand making comfortable shoes using Merino Wool. — Yourstory AAS Regina Legal advised Anicut Angel Fund led by a team of partner Ankita Singh...

Mid-stage, technology focused venture capital fund Iron Pillar has raised $45 million, as a top-up to its first fund. — Mint Khaitan & Co advised Iron Pillar Group led by a team of partner Siddharth Shah , partner Bijal Ajinkya , partner Vivek Mimani , senior associate Rahul Jain , associate Is...

Bengaluru-based Mobisy, a SaaS-based distribution technology solutions provider is raising INR 11.4 Cr from B2B ecommerce platform IndiaMART and Triton Alternative Investment Trust. — Inc42 Lakshmikumaran & Sridharan advised Mobisy Technologies Private Limited led by a team of partner Neeraj Du...

The line of investors patiently queuing outside Reliance Industries’ frontdoors has only been getting longer, though the lines of law firms has remained a by-now routine short list of AZB, SAM plus a new international firm. Shardul Amarchand Mangaldas’ national head of corporate, Raghubir Menon, com...

For the fourth consecutive record-busting investment in everyone’s darling, all of which have had AZB and SAM on it (see Facebook , Silver Lake , Vista ), no prizes for guessing who got this round in law firm land. However, international law firms seem to all be getting a good stab at representation...

Cyril Amarchand Mangaldas partners Shruti Rajan and Garima Joshi have been admitted to Trilegal‘s partnership, according to a press release from the firm.