Australian PE firm, Allegro Funds is all set to acquire Japan Post and Toll Group’s Australian freight and freight forwarding arm, Toll Global Express, subject to regulatory approvals and other customary closing conditions, as per the reports. Toll Global Express could end up in Australian hands if ...

“State-owned Bharat Petroleum Corporation (BPCL) is likely to sell up to 8.68 crore shares, or 4 per cent of the company equity, through a block deal… The company, according to bankers, has set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday’s closing price of Rs 467.”, reported...

Japanese trading house, Sojitz Corporation has invested in Malaysia based Qualitas Medical, a leading primary healthcare and wellness services provider in Asia Pacific region by acquiring equity interest, as per the press release by Sojitz . The capital injected will be used by Qualitas for funding ...

The quick service restaurant chain’s IPO performance almost matched state-run Mazagon Dock Shipbuilders’ share sale in October which was subscribed more than 157.41 times. Burger King’s ₹810 crore IPO received bids of 11.67 billion shares, against the 74.49 million on offer, showed data received til...

AMNS Luxembourg Holding S.A., the joint venture between Nippon Steel Corporation and ArcelorMittal has entered into a $5.14 billion (about Rs 38,000 crore) term loan agreement to refinance a loan taken for acquiring the erstwhile Essar Steel India, now renamed as ArcelorMittal NipponSteel India (AM/...

Terna S.p.A. (“Terna”) signed an agreement to acquire 90% stake in the share capital of Brugg Kabel AG (Brugg Group), one of the leading operators in the underground-cable sector, designing, developing, creating, installing and maintaining electrical cables of all voltage levels and accessories for ...

Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on business consolidation and new technologies, said company chair Madhavan Menon. — Bu...

At least seven law firms advised on the giant deal. “With the shared mobility concept gaining traction in India and other markets, South Korean automobile manufacturer Hyundai Motor Group on Tuesday announced an investment of $300 million in India’s biggest cab aggregator Ola Cabs, as part of a stra...

“Hyundai Motor Company has invested in Indian self-drive car rental startup Revv, joining a raft of global carmakers backing new tech-enabled ventures that are transforming the auto industry worldwide,” reported VC Circle . Indian Law Partners (ILP) partners Gopika Pant and Vineet Gupta , senior ass...

“Sixteen Korean automobile ancillaries exchanged Memorandum of Understandings with the government of Andhra Pradesh on Monday, bringing in a total investment of $737m and committing employment to 6,583 people,” reported Business Standard . The Honorable Chief Minister was proactively engaged in the ...

Nettle Infrastructure Investment, a wholly owned subsidiary of Bharti Airtel Limited has sold a stake of 4.49% in mobile masts operator Bharti Infratel for an estimated Rs 3,289 crores (approximately USD 510 million) through block deals in the open market, as reported by Mint and The Economic Times ...

“Cash management company CMS Info Systems has filed preliminary papers with markets regulator Sebi to raise about Rs1,000-1,200 crore through its initial share-sale offering. The company’s initial public offer (IPO) is a pure offer for sale.” reported Livemint and Moneycontrol. CMS Info Systems, fully owned by Baring Private Equity Asia, provides cash management services, which include ATM services, and cash delivery and pick-up. Existing shareholders would sell 44.4 million equity shares, resulting in a 30% stake dilution on a post-issue basis.

dated: now“Kia Motors, a minority-owned subsidiary of Korean auto major Hyundai Motor Company, is likely to set up a manufacturing facilty in Andhra Pradesh with an investment worth Rs 10,300 crore. The car manufacturing facility, a first for Andhra Pradesh, will involve two phases with a cumulative investment of $1.6 billion, or Rs 10,300 crore, with first phase of investment amounting to about Rs 6,000 crore,” reported the Hindustan Times.

“In one of the largest deals in the retail real estate market in India, Dutch pension fund asset manager APG Asset Management and Virtuous Retail, the retail development arm of The Xander Group, have partnered to form a joint venture worth $450m, the companies said in a statement,” reported VC Circle.

Indian Law Partners (ILP) co-founding partner Piyoosh Gupta has started his own law firm PSG Legal, aiming to expand rapidly.

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy. JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP...

Vedanta Resources subsidiaries Vedanta India and Cairn merged , assisted by Khaitan & Co as sole domestic legal adviser, according to its press release, and Ashurst’s India practice. The following Khaitan team advised: Haigreve Khaitan, Partner; Sharad Abhyankar, Partner; Mehul Shah, Associate ...

Indian Law Partners and Ashurst advised the Japan Bank for International Cooperation (JBIC) on investing Rs 630 million ($10.5m) in Takshasila Hospitals which was advised by JSA. ILP partners Piyoosh Gupta and Gaurav Wahie and associate Vaibhav Bhardwaj and Ashurst Tokyo partner Mark Davies, counsel...

Indian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.

Link Legal advised Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and the Government of India in raising funding from public sector lender Japan Bank of International Corporation (JBIC). JBIC was advised by Indian Law Partners and Ashurst.