Online baby care brand Mamaearth has raised ₹130 crore (about $18.14 million) in a round led by Sequoia Capital India, the company said on Wednesday. Existing investors Fireside Ventures, Stellaris Venture Partners and Sharp Ventures also participated in the round. — Mint Shardul Amarchand Mangaldas...

S&R Associates represented ICICI Securities Limited, the , in the INR 4.6 billion qualified institutions placement of equity shares by Prestige Estates Projects Limited, a leading real estate developer in India, according to reports . Prestige Estates, the leading real-estates development compa...

The government completed strategic sale of Kamarajar Port Ltd to Chennai Port Trust, it said in a statement Friday, where it sold 74.49% stake for Rs 2,383 crore. The announcement followed strategic sale of state owned power companies THDC and NEEPCO Friday, which netted the government Rs 11,500 cro...

Private equity firm True North has agreed to acquire Glenmark Pharmaceuticals Ltd’s gynaecology business in India and Nepal for Rs 115 crore (about $16.2 million) in cash. — VCCircle Cyril Amarchand Mangaldas advised Glenmark Pharmaceuticals Limited led by a team of partner Manisha Kumar , and senio...

Veritas Finance Pvt. Ltd has raised Rs 350 crore ($46 million at current exchange rates) in its Series E round of funding led by existing investor Norwest Venture Partners. — VCCircle Veritas Legal advised Kedaara Capital Fund I LLP led by a team of partner Nandish Vyas , senior associate Kanisha Vo...

Siemens has signed an agreement to acquire New Delhi-based C&S Electric Ltd, a leading provider of electrical and electronic equipment, for ₹2,100 crore. — Hindu Business Line S&R Associates advised C&S Electric Limited led by a team of The S&R corporate team included partners Sa...

Cyril Amarchand Mangaldas has paid out bonuses to fee-earners yesterday, this year around a week earlier than usual, due to the national COVID-19 lockdown.

Four law firms have bagged what could be the last big initial public offering (IPO) in a long while, considering the damage the COVID-19 pandemic is wreaking across global financial markets, picking up roles on the short-lived blockbuster SBI Cards and Payments Services subsidiary of State Bank of I...

Nineroot Technologies Pvt. Ltd, which runs a small business-focussed financial technology startup Chqbook.com, has raised $5 million (approximately Rs 36.39 crore at current exchange rates) in its Series A funding from Aavishkaar Capital. — VCCircle Jerome Merchant + Partners advised Aavishkaar Capi...

From today, nearly all of Khaitan & Co lawyers and support staff will officially have the option of working from home, in a bid to reduce the risk of spreading the novel coronavirus (COVID-19) amongst its workforce.

CAM acted for the investors propping up the bank, advised by AZB; Yes had been in intensive care since the Reserve Bank of India (RBI) had put the company on a moratorium on 5 March, which is now set to end in three days following the resolution. AZB & Partners advised Yes Bank Limited (“Bank”)...

Apart from being early out of the gate in advising clients on the potential legal fall-out of the global pandemic of the novel coronavirus SARS-CoV-2 (causing COVID-19), India’s law firms have been beginning taking a number of measures to deal with an expected spike in reported infections, including one firm stress-testing its “work from home” (WFH) arrangements.

Canadian asset manager Brookfield Asset Management is investing ₹1,450 crore in Everstone Capital-backed lender IndoStar Capital Finance Ltd, according to the lenders filings with stock exchanges. — Mint S&R Associates advised Everstone Group led by a team of partners Sandip Bhagat and Rachael ...

Wockhardt, which is reeling under heavy debt and is trying to deleverage its balance sheet, has agreed to sell multiple products and a manufacturing facility to Dr Reddy’s Laboratories. In a regulatory filing, Wockharrdt said Dr Reddy’s Labs will acquire 62 products and its unit in Baddi, Himachal P...

JSW Energy has entered into exclusive discussions with GMR Energy Limited (GEL) for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited (GKEL), which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha, for an enterprise value of ₹5,321 crore. — The Hindu Cyril Am...

DMart operator Avenue Supermarts on Tuesday said it has raised Rs 4,098 crore from share sale, which included investors such as Lone Cypress and the Singapore Government. The company in a regulatory filing said it issued and allotted 2 crore shares at an issue price of Rs 2,049, under a qualified in...

Generico, a pharmacy retail chain which sells low-cost generic medicines, has raised $14 million (around Rs 100 crore) in a new funding round led by venture capital firm Lightbox. — VCCircle DSK Legal advised Lightbox Ventures III led by a team of partner Hemang Parekh , principal associates Jayesh ...

Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its banking portfolio in India to DCB Bank as it plans to exit all operations in India. The bank … said the decision “will have no impact on profitability” and is part of its strategy to focus on its home market, the UAE. — Gulfnews...

Piramal Enterprises Limited will sell Decision Resources Group (DRG) - its healthcare insights & analytics business to the US based Clarivate Analytics plc, for $950 million. PEL DRG Dutch HoldCo BV, a 100% subsidiary of PEL & the holding company for DRG, has signed a definitive agreement ...

Exclusive: The measure may end in a few weeks rather than going until March after fee-earners, partners displeased.