“State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore,” reported Yahoo about the PSU sale. Cyril Amarchand Mangaldas advised REC Limited led by a t...

“India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) will acquire five electricity transmission assets worth ?11,500 crore ($1.66 billion) from Sterlite Power,” reported Hindu Business Line . “Global alternative assets giant KKR is moving to acquire a controlling stake in Sterlit...

“Infrastructure major Larsen & Toubro has purchased around 20% stake of V.G. Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore,” reported Mint, about the purchase that was formally announced last week.

“The Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a group of investors led by Sharad Sanghi and others,” reported Business Standard about the insolvency acquisition. The deal ...

“Adani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore. “The acquisition is complementary to ALL adding meaningful Size, Scale and Diversification,” repor...

Nitesh Estates, “through its wholly owned subsidiary Nitesh Indiranagar Retail Private Limited has signed Share Purchase Agreements with Abbey’s Realtors LLP a nominee of Ela Realty Private Limited, Group Entity - ABIL Group and sold its 100 percent holdings in step down Tier- II Subsidiary - Korega...

“SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset,” reported VCCircle , which also included Alibaba and CDC. Cyril Amarchand Mangaldas advised Supermarket Grocery...

“Ed-tech unicorn Byju’s, owned by Think & Learn Pvt. Ltd, has raised $31.3 million (Rs 215 crore at current exchange rate) in a fresh round of funding from existing investors General Atlantic and Tencent Holdings Ltd,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Byju (oper...

“Enterprise payments solutions provider Innoviti has raised ₹80 crore in debt from venture debt fund Trifecta Capital and non-banking finance companies (NBFCs), a top company executive said,” reported Mint . Cyril Amarchand Mangaldas advised Innoviti Payment Solutions Private Limited led by a team o...

“Amazon Pay has acquired personal assistant platform Tapzo, its first such deal in India, in a bid to build on and widen the scope of its payment offering. The part-stock and part-cash deal is valued at $40-45 million and will see Tapzo’s investors exit with a cash payout, according to two people aw...

“The country’s leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid,” reported Business Standard about the insol...

“New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. The latest funding round will increase the total equity capital of the company to over 1,000 crore,” reported The Economic Times , with funding from Alpha Capita...

“Quess Corp is acquiring majority stake in Chennai-headquartered business solutions provider and listed enterprise Allsec Technologies in a transaction worth around Rs 270 crore. The deal, undertaken through Quess’ subsidiary Conneqt Business Solutions, will see Conneqt purchasing 35.35% holding fro...

“Mfine, a new on-demand doctor consultation start-up by two former Myntra executives, has raised $1.5 million from venture capital firm Stellaris Venture Partners”, according to Mint . Cyril Amarchand Mangaldas advised Stellaris Venture Partners India I and Novocura Tech Health Services Private Limi...

It is well known that nearly every Supreme Court case is in want of an advocate-on-record (AOR), and several lawyers and law firms have made this a core part of their Supreme Court practice. After analysing more than 120,000 of the Supreme Court’s daily orders from 2018, we have now compiled a list of the busiest advocate-on-record (AOR) firms in the apex court, according to the number of orders mentioning their names.

Cyril Amarchand Mangaldas (CAM) has launched a continuing legal education (CLE) initiative, which will see up to 30-40 of its fee-earners, as well as in-house lawyers and clients take two to three full-day practical in-depth courses on specific areas of law.

“The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund,” reported The Economic Times about NIIF’s first investment from NIIF’s strategic fund. Desai & Diwanji advised IDFC led by a team of partner Natasha Treasury...

“Non-banking financial company Northern Arc Capital Ltd said on Tuesday that it has secured a fresh investment of Rs 910 crore (around $130 million) from a clutch of institutional investors,” reported VCCircle . Investors include IIFL Special Opportunities Fund and its Series managed by IIFL Asset M...

Cyril Amarchand Mangaldas Delhi competition and technology, media and telecoms partner Rahul Goel, whom we had reported in January to have resigned with his team, will be joining IndusLaw.

Cyril Amarchand Mangaldas is setting up a legal technology incubator in Delhi to entice three to four startups “that have the potential to meet real-world challenges” to be mentored by the firm, as first reported by Mint.