Corporate

JSA acts on India leg with Paul Weiss of NL-NZ-US Broadview-Formica buy

JSA advised and assisted Broadview Holding B.V. (“Broadview”) on the acquisition of Formica Group (“Formica”), a business unit of Fletcher Building Holdings Limited, and , according to reports . CINCINNATI… Broadview Holding, a Netherlands-based industrial holding with a significant presence in mate...

JMP acts for Venture Highway in $1.7m investment in events marketplace Myscoot

MyScoot, a platform for meeting new people at home-hosted events, has raised $1.7 million in seed funding from Lightspeed India Partners, Venture Highway and Mayfield India. The Gurgaon-based startup plans to hire its core technology team and expand in the markets it is currently operational in with...

Khaitan, S&R advise on Dutch dev bank on $37m investment in social capital fund Aavishkaar

metadesc: Khaitan & Co advised Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO) led by partner Siddharth Shah , principal associate Vinita Choudhury , associate Tanvi Arora , and associate Saumya Kakkar with assistance from senior associate Rohit Jayaraman , associate Khusb...

AZB acts India leg of Texas-acquisition of VitreosHealth by HMS

Texas … HMS Holdings Corp. (Nasdaq: HMSY) … announced it has acquired VitreosHealth, a privately held company based in Plano, Texas, that offers predictive and prescriptive health insights for population risk models. Prior to the acquisition, VitreosHealth served as a key strategic partner for HMS, ...

CAM Delhi projects team Verma-Menon start 3 partner firm, to open doors in 3 cities

Two lawyers from Cyril Amarchand Mangaldas and one from a real estate developer have started their own law firm, Menon Verma.

SAM promotes 10 to equity, 2 to salaried partner

Hot on the heels of Cyril Amarchand Mangaldas’ equity partner promotions of 11, and pretty much as long in the making and interviewing, Shardul Amarchand Mangaldas has lifted 10 of its salaried partners into equity:Abhishek Guha (NUJS Kolkata; corporate),Arvind Sharma (Delhi University, CLC; corporate),Rudra Kumar Pandey (Delhi University, CLC; corporate),Veena Sivaramakrishnan (Nalsar Hyderabad; banking & finance),Anoop Rawat (Delhi University, CLC; insolvency),Harman Singh Sandhu (MD University; LLM King’s College; competition),Anuj Berry (NUJS Kolkata; LLM University of Oxford; disputes),Rishab Gupta (London School of Economics; disputes),Nikhil Naredi (NLSIU Bangalore; capital markets), andVR Neelkanthan (NLSIU Bangalore; projects).

AZB Mumbai 2nd promotions this year see four more join partnership in Mumbai, Bangalore (incl another Tata returnee)

AZB & Partners Mumbai side has made its second batch of partnership promotions this year, lifting up another four.

Vertices, ARA help Fitternity Tech raies $4m

Fitness discovery and booking platform Fitternity on Tuesday said that it has raised close to $4 million from consumer centric domestic venture fund Sixth Sense Ventures. — Yourstory Vertices Partners advised Fitternity Technologies Health E-Solution Private Limited led by a team of managing partner...

DSK acts for PTC on $3.5m JV with ICICI, BSE to create electricity exchange JV Pranurja

PTC India Limited has entered into a joint venture with BSE Investments Limited and ICICI Bank Limited in Pranurja Solutions Limited, to create India’s third electricity exchange. PTC India Limited (PTC) has executed a SSA and SHA on 26th April, 2019 with BSE Investments Limited (“BSE”) and ICICI Ba...

Link Legal acts for Hindustan Media in $0.56m funding of journalism platform Pebble

Media group Hindustan Media Ventures Limited (HMVL) has invested Rs 4 crore (around $572,392 at current exchange rates) in content venture Aleph Digital Solutions Private Limited, it said in a stock exchange filing on Friday. — VCCircle Aleph runs Pebble, which is a platform where journalists and fr...

JSA helps Indiabulls on selling out fully to SAM’s Blackstone for $394m

Blackstone already held a 50% stake in Indiabulls Real Estate, making this a quasi-joint venture.

Phoenix insolvency partner Jyoti Singh starts boutique indie lit practice in Mumbai

Jyoti Singh, partner at Phoenix Legal in Mumbai in disputes and insolvency, has started a boutique disputes and litigation firm.

Khaitan acts for Nippon Express on 22% buy into listed Future Supply Chain for $91m

Nippon Express, Japan’s largest logistics company is buying a 22 per cent stake in Future Group’s listed logistics arm Future Supply Chain Solutions (FSC) for Rs 646 crore through a combination of primary issuance of shares and secondary purchase of shares, the company said on Friday as global major...

JSA, SAM act on $34.8m OFB Tech lending platform fundraise from Norwest, others

OfBusiness, a startup that lends to small and medium enterprises, has raised ₹250 crore led by Norwest Venture Partners with participation from existing investors Falcon Edge and Matrix Partners. Asish Mohapatra, CEO, Of-Business said, “We strongly believe that lending is a commodity or will get com...

Desai Diwanji, Fortitude act on flex-work-realty Qdesq fundraise

JLL Spark, the Silicon Valley-based venture capital arm of real estate consulting firm JLL, has invested an undisclosed amount in one of India’s largest flex-space technology platforms, Qdesq. This marks the property technology (proptech) focused fund’s first India specific investment. — Business St...

AZB helps Binny Bansal sell another $76m Flipkart shares to Walmart

A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipka...

AZB acts for Michael & Susan Dell on $1m Workex investment

Acquisition by MSDF of certain equity stake in Workex Solutions and Services Private Limited, as mentioned by Business World . Pursuant to the investment, MSDF’s stake is approximately 7%. AZB & Partners advised Michael & Susan Dell Foundation (MSDF) led by a team of partners Hardeep Sachd...

Rajaram, Link Legal act on $15m Series B for Darwinbox

Darwinbox, a cloud-based end-to-end HR management startup, on Thursday, announced that it had raised $15 million Series B investment led by Sequoia India. The round also saw participation from existing investors Endiya Partners, Lightspeed India Partners, and 3one4 Capital. — Yourstory Rajaram Legal...

Desi lawyers warm to climate change fight: Shardul Amarchand, NUJS roll out starter green deals, KCo Cal does solar

As some of the world (including lots of youngsters) have been protesting for action against global heating for the past week, we have taken a look at whether India’s legal profession and law schools have done much (and if they can do better).

IC, Themis act on $1.1m Omnivore, Hatch seed round in Chennai’s Aquaconnect

Aquaconnect … announced that it raised $1.1 million in seed funding led by Omnivore and HATCH. — Yourstory IC Universal Legal Advocates and Solicitors advised Omnivore Partners led by a team of partner Sameena Chatrapathy , senior associate Janani Dinesh , associate Raghavi Raj , company secretary a...