Fortis Healthcare Friday said its subsidiary Fortis Healthcare International will sell its entire stake in Medical and Surgical Centre Ltd (MSCL). — Businesstoday “Fortis Healthcare International Ltd (FHIL), a wholly owned subsidiary of Fortis Healthcare Ltd, which is incorporated in Mauritius, has ...

Info Edge (India) Ltd, the operator of jobs site Naukri.com and real estate portal 99acres.com, has agreed to acquire the company behind jobs portal iimjobs.com. Mumbai-listed Info Edge said in a stock-exchange filing it will buy Highorbit Careers Pvt. Ltd for Rs 80.82 crore ($11.6 million) in cash....

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor. — Business Standard L&L Partners advised Mintifi Private Limited led by a tra...

Aircel’s lenders are said to have approved a proposal of takeover from UV Asset Reconstruction Company (UVARCL), ending a year-long debt resolution process that was the first of its kind in the telecom sector. While the bankrupt operator may have narrowly escaped liquidation, its financial creditors...

Competition watchdog CCI has cleared Japan-based Nippon Steel & Sumitomo Metal Corporation’s acquisition of 51 per cent shareholding in Sanyo Steel. — The Economic Times Sanyo is active in Indian special steel manufacturing via subsidiaries Sanyo Special Steel India and Mahindra Sanyo Special S...

GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,000 crore from...

Fantasy sports platform Dream11 has raised around $80-100 million round from Tencent Holding, said two sources close to the development. The Mumbai-based company was in talks with the Chinese conglomerate for the investment round from past couple of months. — EnTrackr L&L Partners advised Tence...

JSW Steel Tuesday went procedurally a step closer to acquiring an asset in bankruptcy-induced ownership change after the administrator overseeing the sale of Bhushan Power and Steel issued a letter of intent (LoI) in favour of India’s biggest maker of the alloy. JSW Steel had made a Rs 19,650-crore ...

IIFL Wealth Management, a subsidiary of IIFL Holdings, has issued nearly 44.90 lakh shares to a set of financial investors to raise Rs 745.71 crore by selling 5.1 percent stake. The shares were issued by the wealth management arm of IIFL Holdings to WF Asian Reconnaissance Fund, Rimco (Mauritius) Li...

Amansa Capital has acquired a minority stake in Jana Small Finance Bank (formerly known as Janalakshmi Financial Services), a small finance bank registered with the Reserve Bank of India. Jana Small Finance Bank is one of India’s largest microfinance and small finance bank. L&L Partners advised...

TR Capital and Hong Kong-based hedge fund Steadview Capital have undertaken a large secondary deal in Lenskart Solutions, marking the second such transaction in the company in the last five months. Apart from Steadview Capital, the transaction, estimated at $70-75 million, has also seen the entry of...

Power firm Adani Transmission (India) Ltd has signed an agreement to buy entire stake in KEC International Ltd’s Rajasthan-based power transmission arm at an enterprise value of ₹ 227.5 crore. “We would like to inform that the company has signed share purchase agreement with KEC International Ltd on...

FirstMeridian acquired Innovsource Services Private Limited, Innovsource Facilities Private Limited and Innovsource Securities Private Limited from Innovsource Private Limited and other promoters, according to reports . L&L Partners advised FirstMeridian Business Services Private Limited (backe...

FirstMeridian acquired V5 Global Services Private Limited, and its wholly owned subsidiary Infield Infotech Private Limited, from its existing shareholders including Specvision Holding Pte. Ltd. Singapore and Satya Prasan Rajguru, according to reports . L&L Partners advised FirstMeridian Busine...

FirstMeridian has acquired Affluent Global Services Private Limited and its wholly owned subsidiary Linktag Global Services Private Limited from its existing shareholders, including Start 2 Scale Venture LLP, Seedthree Trading LLP and Sudhakar Balakrishnan, according to reports . L&L Partners a...

Enterprise Holdings acquired Deem Inc. globally and upon the final acquisition the transaction is expected to provide Deem with an infusion of capital and resources to help further expand its product roadmap and increase the pace of product development and enhancements. Deem Inc is present in India ...

Emerson Electric acquired iSolutions Inc. (a Canadian-based consulting group) and its global operations. The transaction also involved the acquisition of iSolution’s Indian subisidiary, according to reports . L&L Partners advised Emerson Electric led by a team of partners William Vivian John , ...

Cotiviti Holdings, Inc. COTV (“Cotiviti”), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry, and Verscend Technologies, Inc. (“Verscend”), a portfolio company of Veritas Capital (“Veritas”) and a leader in data-driven healthcare solut...

Emerson… signed an agreement to purchase the Tools and Test Equipment (Tools & Test) business of Textron for $810 million. Tools & Test is a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly re...

After venturing into football, wrestling and kabaddi, JSW Sports, a unit of Sajjan Jindal-owned JSW Group, on Friday said it will acquire a 50% stake in GMR Group-owned Indian Premiere League (IPL) franchise Delhi Daredevils for an undisclosed sum. — Mint L&L Partners advised JSW Sports Private...