Global mobile gaming company Nazara Technologies has acquired a majority stake of 55% for an undisclosed amount in leading Indian esports venture Nodwin Gaming through a mix of a cash and stock deal, as reported by Mint and VC Circle . Post acquisition, Nodwin will continue to operate as an independ...

The only partner in Cyril Amarchand Mangaldas’ Hyderabad office, Harita Rao, has given notice last month.

Kolkata-based private sector lender, Bandhan Bank, has filed draft papers with markets regulator SEBI for its initial public offer (IPO) to raise an estimated amount of over Rs 2,500 crores (around $391m) through a mix of primary and secondary share sale of equity shares, as reported by MoneyControl...

Pune-based digital short-term lending startup EarlySalary has raised INR 100 crores (approximately USD 15.7 million) in a Series B funding round led by Eight Roads Ventures India, the investment arm of Fidelity International with participation from existing investors IDG Ventures India, Dewan Housin...

Morgan Stanley Private Equity Asia has invested Rs 152 crore in South Health Foods, which makes the Manna Foods range of health food products, reported the The Times of India . Cyril Amarchand Mangaldas advised Morgan Stanley Private Equity led by New Delhi-based partner Nivedita Tiwari and partner ...

AZB & Partners and Shardul Amarchand Mangaldas (SAM) acted on the biggest and greatest number of deals respectively, according to mergermarket (MM), which captured far fewer deals than both Bloomberg and Thomson Reuters databases that we had reported last week, in part due to its different deal eligibility criteria (see below).

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.

“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.

Mukesh Ambani-promoted 4G telecoms network Reliance Jio has agreed to buy the mobile business assets (including the spectrum, mobile towers and optical fibre network) of his younger brother Anil Ambani-promoted Reliance Communications, reported the PTI in The Hindu Business Line and others. Cyril Am...

Update 30 August 2018: The deal has closed for a total consideration of $2.65bn, as well as $1.95bn has been used to reduce RInfra’s debt. Gautam Adani-promoted infrastructure company Adani Transmission has agreed to buy Anil Ambani-promoted Reliance Infrastructure’s power generation and distributio...

Cyril Amarchand Mangaldas (CAM) Delhi partner Piyush Mishra, who had been hired in 2015 from Luthra & Luthra, has resigned the firm and is understood to in advanced talks to be joining AZB & Partners.

In otherwise quiet pharma capital markets, leading pharmaceutical company, Natco Pharma has raised Rs 915 crores (approximately $142.5 million) through the issue of securities to qualified institutional investors, as reported by MoneyControl and The Economic Times . The board of directors earlier at...

“The government has succeeded in raising Rs 14,500 crore through the Bharat-22 Exchange Traded Fund (ETF) which received bids worth a staggering Rs 32,000 crore, the highest ever for a mutual fund. The government had launched the Bharat-22 ETF comprising stocks of blue-chip public sector companies i...

“Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Avendus Capital provided financial advisory services to the latest funding round in Portea,” reported MediaNama.

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

Cyril Amarchand Mangaldas has appointed another high-profile name to its internal “strategic advisory board”, with the part-time hire of former magic circle firm Allen & Overy’s senior partner David Morley.

“The Rs 1,001 crore initial public offer has received good response from investors, with the issue getting oversubscribed 2.28 times. It was the first IPO by a power exchange in the country.”, reported Moneycontrol. IEX is India’s premier power trading platform and provides an automated platform for physical delivery of electricity, enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. The issue opened for subscription during October 9-11, with a price band of Rs 1,645-1,650 per share and debuted on the bourses on October 23rd.

“The Rs 1,157-crore initial public offer (IPO) of Godrej Agrovet (GAVL) was subscribed 51.84 times times on the final day of bidding process”, reported The Economic Times. GAVL is a diversified, research & development focused agri-business company with operations across five business verticals of animal feed, crop protection, oil palm, dairy, and poultry and processed foods. The initial public offering opened for subscription on October 4th and closed on October 6th, with a price band of Rs 450-460 per share.

Dutch development bank, FMO has raised close to Rs 200 crore (approximately $30.5 million) in debt through subscription of non-convertible debentures issued by renewable energy firm Azure Power India, as reported by Mint.

“Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses,” reported the Economic Times.