IBM is making a big move to bring more software developers under its wing by acquiring Red Hat, the largest distributor of the popular open-source operating system Linux, for $34 billion. — New York Times The deal included Red Hat’s India subsidiary, Red Hat India Private Ltd. L&L Partners advi...

In a major move by consultancies in the global legal markets, Big 4 consultant EY has gobbled up legal process outsourcer (LPO) Pangea3 from Thomson Reuters, which had bought the then-India-headquartered LPO in 2010 for up to $40m from its founders.

HCC Concessions Ltd (in which Company, through wholly owned subsidiary HCC Infrastructure Company Limited, holds 85.45%), being the infrastructure development arm of the HCC Group, has executed a definitive agreement in respect of 100% stake sale of Farakka-Raiganj Highways Ltd (FRHL), its concessio...

In a landmark decision, India’s bankruptcy appeals court ruled that the insolvency resolution process should aim to extract the maximum value from auctions of stressed assets as it approved UltraTech Cement Ltd’s revised ₹ 7,900 crore bid to acquire debt-laden Binani Cement Ltd. — Mint L&L Part...

Radiant Life Care Private Limited, backed by global investment firm KKR has entered into a transaction whereby its shareholders it will acquire a majority stake in Max Healthcare Institute Limited from Max India Limited. The acquisition will be undertaken through a series of transactions, including ...

Lenders have voted to take an offer from Royale Partners, a Dubai-based fund, for EPC Constructions India Ltd (earlier known as Essar Projects India Ltd), which was sent to the National Company Law Tribunal (NCLT) for debt resolution. A conditional offer by ArcelorMittal was rejected. — Business Sta...

Fortis Healthcare … said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 cro...

National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by the Committee of Creditors of Vardhman Industries Limited (VIL), which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, ac...

New Delhi: Reliance Infrastructure on Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RI...

WedMeGood, an online wedding platform, has received $2.6 million in Series-A funding from Orchid India. The latter is a part of a top investment fund which invests mainly in China. — Business Standard L&L Partners advised Orchid Asia led by a team of partner:, Rohan Shah. Update 18 July 2019: I...

India Business Excellence Fund – III, managed by Motilal Oswal Private Equity, will invest Rs 200 crore in Happy Forgings, an auto ancillary SME company. The fund will be deployed into new products and for greenfield expansion. — The Economic Times L&L Partners advised Happy Forgings Limited le...

Puig, a spanish fragrance maker known for brands such as Prada and Paco Rabanne, has invested ₹100 crore for a minority stake in Kama Ayurveda, a homegrown ayurvedic beauty and personal care brand, the companies said in a statement. — Mint L&L Partners advised Lighthouse Funds led by a team of ...

Consumer-focused private equity fund Lighthouse Fund has acquired a minority stake in Duroflex Pvt Ltd, a dominant mattress player in southern India. Lighthouse has invested Rs 160 crore ($22 million) in Duroflex as a primary capital to meet Duroflex’s expansion plans. — The Economic Times L&L ...

As a part of its restructuring exercise, Apollo Hospitals Enterprise on Wednesday said that it is divesting its front-end pharmacy business to Apollo Pharmacy for a lump sum cash consideration of Rs 527.8 crores. Apollo Pharmacy (APL) will be a wholly owned subsidiary of Apollo Medicals. The listed ...

Pfizer Inc and GlaxoSmithKline plc today announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands. The Boards of Directors of both companies have unanimously approved the transaction under which Pfizer will contribute its consumer...

US-based Emerson, a global leader in automation for process and industrial customers, has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller (PLC) technologies will enable Emerson to expand its capabilities in ma...

IIFL Holdings Ltd on Monday said its lending business, India Infoline Finance Ltd, has agreed to sell its commercial vehicle (CV) financing unit to IndoStar Capital Finance Ltd, a lender promoted by private equity fund Everstone Group. — Mint L&L Partners advised IndoStar Capital Finance Limite...

Hitachi to Buy ABB’s Power Grids Business: Hitachi Ltd.’s takeover of ABB Ltd.’s power grid division for about $6.4 billion would be the Japanese conglomerate’s biggest-ever deal as it shifts focus from nuclear plants to the higher-growth market for electricity networks. — Bloombergquint L&L Pa...

Laser and optical components maker II-VI said on Friday it would buy Apple supplier Finisar for about $3.2 billion, to expand in consumer electronics and fast-growing sectors such as autonomous vehicles. — Cnbc L&L Partners advised II-VI Incorporated led by a team of senior partner Mohit Saraf ...

CIE Automotive SA is in talks to acquire the roof systems business of U.S. car-parts and equipment maker Inteva Products LLC in what could be its largest acquisition ever, according to people familiar with the matter. — Bloombergquint L&L Partners advised Inteva Products, LLC (Inteva) led by a ...