“Access Healthcare, a revenue cycle management company has acquired Noida-based Pacific BPO in a deal valued around $17 million in a combination of upfront payment and long-term earnouts,” reported the ET . Cyril Amarchand Mangaldas advised Access Healthcare Services Private Limited led by partner A...

“Strides Shasun Limited has decided to sell its full-owned subsidiary Strides Chemicals Private Limited (formerly known as Perrigo API India Private Limited) to Solara Active Pharma Sciences,” for Rs 131 crore reported The Hindu and others. Cyril Amarchand Mangaldas advised Solara Active Pharma Scie...

The Life Insurance Corporation of India (LIC) proposed acquiring a 51% stake to take control of IDBI Bank, according to reports . Cyril Amarchand Mangaldas advised IDBI Bank Limited led by a team of partners Amey Pathak and Ravi Kumar . Update 9 January 2019 : Shardul Amarchand Mangaldas advised Lif...

State Bank of India (SBI) and its wholly owned subsidiary, SBI Payment Services Private Limited (SBIPSPL), proposed a 74:26 joint venture with Hitachi Payment Services Private Limited (HPSPL), an indirect wholly owned subsidiary of Hitachi Limited, Japan, according to reports.

ZipGo Technologies Private Limited (ZipGo) bought 100% of the issued and paid-up share capital of Pune-based bus operator Supreme Trans Concepts Private Limited (STCPL) from Supreme Facility Management Private Limited (SFMPL) and promoter Prashant Mohite, according to reports . Cyril Amarchand Manga...

Jaipur-based NBFC Ess Kay Fincorp Limited and Rajendra Kumar Setia (Promoter) received a $42m investment from TPG Growth IV SF Pte Ltd and existing investors Norwest Venture Partners X-Mauritius (Norwest) and Evolvence Coinvest-I (Evolvence), according to ET . Baring Private Equity India AIF is also...

Mumbai-headquartered private equity player True North Fund VI LLP (TN) acquired a majority of cement company Shree Digvijay Cement Company Limited from Brazilian cement firm Votorantim Cimentos S.A. and its affiliates, according to -118111300695_1.html reports . Cyril Amarchand Mangaldas advised Tru...

DSK on $6.6m Solara Active Pharma Sciences facility sale to Sequent Scientific Limited.

Zydus Hospitals & Healthcare Research Private Limited acquired all assets (including immovable property) of the Ahmedabad-based hospital of Columbia Asia Hospitals Private Limited. The deal size was approximately Rs 78.89 crores, according to the Times of India . Cyril Amarchand Mangaldas advis...

“Indian state-run Mishra Dhatu Nigam Ltd’s initial public offering to raise 4.38 billion rupees ($67.36 million) for the government was subscribed 1.2 times,” in March 2018, according to Reuters.

The government’s Bharat 22 ETF (Exchange Traded Fund) has made a follow-on offer, raising Rs 27,300 crore, according to reports.

“FMCG major Hindustan Unilever Limited (HUL) on Monday said it will buy GlaxoSmithKline’s Indian Horlicks nutrition business for around $3.8 billion, boosting the consumer goods group’s position in a key emerging market,” reported Firstpost today. The deal covers GlaxoSmithKline Consumer Healthcare,...

Shardul Amarchand Mangaldas corporate and M&A salaried partner Sourav Kanti De Biswas, whom we had reported had resigned in July, is set to join Cyril Amarchand Mangaldas next week.

Cyril Amarchand Mangaldas (CAM) Delhi partners Kirat Singh Nagra and Rishi Anand have resigned from the firm last week, according to authoritative sources.

“Zydus Wellness, a part of the Ahmedabad-headquartered Zydus group, today announced plans to acquire Heinz India, known for its brands like Complan, Glucon D, Nycil and Sampriti Ghee,” according to reports , for a value of Rs 4,595 crores. The deal is expected to close before the end of this financi...

M ukesh Ambani’s Reliance Industries, for its telecoms upstart giant Jio, has agreed to buy a majority 51.3% stake in Hathway Cable & Datacom for Rs 2,940 crore through a preferential issue and an open offer to minority shareholders in Hathway subsidiary GTPL Hathway, according to reports . Cyr...

Acquisition by Axis New Opportunities AIF – I and PI Opportunities Fund – I and Premji Invest of approximately 4% stake in SBI General from State Bank of India, as reported by NDTV and others. AZB & Partners advised Axis New Opportunities AIF – I, a scheme of Axis Alternative Investment Fund - ...

“Canadian pension fund, Caisse de dépôt et placement du Québec has agreed to acquire a 40% stake in power producer CLP India Pvt. Ltd for Rs 2,640 crore ($365m) in cash”, reported VC Circle . Post the acquisition by CDPQ from the subsidiary CLP GPEC (Mauritius) Holdings, CLP will retain 60% stake in...

US-headquartered legal process outsourcing (LPO) provider UnitedLex, which has significant operations in India and must have recruited at least hundreds of graduates from Indian law schools since its founding in 2006, has been sold in entirety to CVC Capital Partners, reported VCCircle . The deal am...

India’s first real estate investment trust (REIT) has filed its preliminary prospectus today, four years after the regulation had been notified, with the Blackstone Group and Embassy Group cooperating on the issue, which could yield $720m, according to Bloomberg . REITs allow investors to take stake...