In part, the firm has cited stronger billings than expected, though this doesn’t mean law firms are out of the woods.*

Kishore Biyani has surrendered the ‘crown jewel’ of the Future Group by selling his retail business to billionaire Mukesh Ambani’s Reliance Retail in a stunning reversal of fortunes for a businessman who was once celebrated as India’s Retail King. — Moneycontrol Trilegal advised Future Group led by ...

New Delhi: Engineering conglomerate Escorts … said Japan’s Kubota Corporation will acquire 10% equity stake engineering in the firm for Rs 1042 crore. Upon completion of this transaction, Escorts and Kubota will partner and aim to become a leading player in the Indian market and a hub of product dev...

Leading FMCG player Hindustan Unilever (HUL) on Friday said it has completed the acquisition of VWash from pharma major Glenmark Pharmaceuticals. The company, however, did not disclose the value of the transaction. — The Economic Times Cyril Amarchand Mangaldas advised Glenmark Pharmaceuticals Limit...

Carlyle has agreed to pick up a significant minority stake in Ajay Piramal’s pharma business for $490 million trumping rival private equity peers KKR and TA Associates. The 20% stake sale values Piramal’s pharma business at Carlyle’s offer would value the business at around Rs 20,000 crore ($2.6 bil...

Mumbai-based Cyril Amarchand Mangaldas corporate and infrastructure projects partner Alice George will be joining Essar Ports as general counsel (GC), we have reliably learned.

Cyril Amarchand Mangaldas has promoted a total of 77 fee-earners up its associate career ranks with Mumbai seeing the largest number of elevations, the firm has confirmed.

Kotak Mahindra Bank… launched qualified institutional placement (QIP) offering to raise up to ₹7,500 crore. The bank has set a floor price of ₹1,147.75 per share for the offering. QIP is a tool used by listed companies to sell shares or other securities to qualified institutional buyers such as mutu...

Link Legal India Law Services has hired Cyril Amarchand Mangaldas (CAM) Mumba-based principal associate Bhalchandra Palav has joined as a partner in the dispute resolution team.

Vivriti Capital Pvt. Ltd, which runs an online enterprise debt platform and lender, has raised $50 million (about Rs 350 crores) in its Series B funding from LGT Lightstone Aspada. — VCCircle J Sagar Associates advised Creation Investments India III, LLC (Creation), led by a team of partners Lalit K...

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...

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

New Delhi: IndoSpace Core, which owns industrial and logistics parks across major cities in the country, on Wednesday said it has raised Rs 1,000 crore from HSBC to fund its existing green projects. IndoSpace Core has about 13 million square feet land across 14 industrial and logistics parks in Pune...

French oil and gas major Total SA… announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore. — The Times of India AZB & Partners advised Total Holdings SAS led by a team of...

Scoop: Rumours suggest other firms are also considering similar steps

Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) will buy a 75 per cent stake in Krishnapatnam Port Company Ltd, the entity that runs a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district, for ₹13,500 crore. — Hindu Business Line Shardul Amarchand Mangalda...

The hope is that with this somewhat painful move now, future pain can be avoided (though of course no one knows how bad it’s going to get)**

NEW DELHI : India’s largest power generation utility—NTPC Ltd—-on Thursday announced the Rs 11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government’s largest asset-sale exercises. — Mint Trilegal advised...

BigBasket … announced 100% acquisition of online milk delivery app DailyNinja. The deal will help the Bengaluru-based online grocer to consolidate its position in the subscription delivery space in the city, the firm said. — The Financial Express Algo Legal advised DailyNinja Delivery Services Priva...

FarEye, a logistics SaaS (software-as-a-service) platform, announced a Series D investment of $25 million led by M12 (Microsoft’s venture fund), Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the round. — Mint J Sagar Associates advised Microsoft Co...