Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has agreed to purchase the business and technology assets of Anova Data, Inc., a leading provider of advanced analytics solutions. Anova Data is based in the U....

Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan’s Nippon Life Insurance. Both partners hold 42.88 per cent each in the company, while the rest is with public share...

The Ahmedabad bench of the National Company Law Tribunal has approved the Rs 42,000-crore resolution plan submitted by ArcelorMittal for the debt-ridden Essar Steel Ltd. The tribunal’s approval for the mega deal has come 583 days after it started the insolvency proceedings, instead of the mandated 2...

The Ahmedabad bench of the National Company Law Tribunal has approved the Rs 42,000-crore resolution plan submitted by ArcelorMittal for the debt-ridden Essar Steel Ltd. The tribunal’s approval for the mega deal has come 583 days after it started the insolvency proceedings, instead of the mandated 2...

TR Capital, an Asia-focused secondary investments firm, announced the completion of two secondary direct investments in India. As a part of its third fund (TR Capital III) the company has acquired a 10.5 per cent stake in Arohan Financial Services Private Ltd, an NBFC Micro Finance Institution , tha...

IIFL Holdings’ wealth management arm has raised Rs 745.71 crore by selling 5.1 per cent stake to a clutch of investors. IIFL Wealth Management issued 44.90 lakh shares to WF Asian Reconnaissance Fund, Rimco (Mauritius) Limited, Amansa Holdings, General Atlantic Singapore Fund, Steadview and HDFC Sta...

L&L Partners advised Symbiotec Pharma Lab Pvt Limited led by a team of partner William Vivian John along with managing associate Deepak Kumar and associate Tanaya Sanyal.

Constellation Alpha Capital Corp., a Nasdaq-listed special purpose acquisition company focused on consolidating the healthcare services sector in India, on Friday said that it has signed an agreement to acquire Medall Healthcare Pvt. Ltd, a diagnostic chain based in South India. — Mint L&L Part...

Debt-ridden Amtek Auto today said it has signed a share purchase agreement with Nippon Steel and Sumitomo Metal Corporation to sell its stake in its joint venture (JV) company SMI Amtek Crankshaft. — The Times of India L&L Partners advised Nippon Steel Corporation led by a team of partners Mohi...

New Lane Trading LLP made a minority co-investment in the share capital of FirstMeridian Business Services Private Limited, a staffing service provider, co-owned by Samara Capital, Goldman Sachs, and Janchor Partners, according to reports.

Mobile marketing company Affle (India) has acquired Bengaluru-based Vizury Interactive Solutions’ commerce business and brand in an all-cash deal, the company said in a statement. Affle (India), which had earlier filed papers for an Initial Public Offering (IPO), did not disclose the financials of t...

“Apollo Hospitals Enterprise Ltd has acquired a 50 per cent stake in Medics International Lifesciences Ltd, a 330-bed super-speciality hospital in Lucknow, for ₹91 crore,” reported Hindu Business Line . Samvad Partners advised Medics International Life Sciences Limited led by a team of partner Vinee...

“Private equity (PE) firm General Atlantic LLC is in final stages of discussions to buy a controlling stake in Capital Foods Pvt. Ltd, the owner of the instant noodles brand Ching’s Secret, according to two people aware of the development,” reported Mint . Shardul Amarchand Mangaldas & Co advis...

“Mumbai-based mid-market private equity firm Gaja Capital has made its second bet on the edtech market as it has reportedly acquired a significant minority stake in sports education and training company KOOH Sports for $10.17 Mn (INR 75 Cr),” reported Inc42 . L&L Partners advised Gaja Capital w...

“The retail unit of Reliance Industries has acquired mid-segment menswear brand John Players from ITC Ltd. This will add Rs 350 crore to Reliance Retail’s value fashion business carried out through Reliance Trends and Ajio.com, said people with knowledge of the matter,” reported The Economic Times a...

“Sapphire Foods, the largest franchisee of Yum! Brands Inc. in the Indian subcontinent, has raised ₹ 225 crore in a fresh round of funding led by Edelweiss Private Equity, said a senior executive of the company. Existing investor Goldman Sachs, too, participated in the round, said Sanjay Purohit, gr...

“Mid-market private equity firm Lighthouse Funds has led a Rs 143 crore (around $21 million) investment in Tynor Orthotics Pvt. Ltd, which makes artificial support devices for various body parts,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Tynor Orthotics Private Limited and i...

“Ebix Inc, a US-listed supplier of software and e-commerce services to finance and insurance companies, on Tuesday said that it has acquired Miles Software, an asset and wealth-management services provider, for at least $19 million dollars,” reported Mint . Universal Legal Advocates advised Miles So...

“Multi-asset manager IDFC Alternatives Ltd has agreed to sell its infrastructure asset management business to US-based private equity firm Global Infrastructure Partners (GIP),” reported VCCircle . Khaitan & Co advised IDFC Alternatives led by partners Siddharth Shah and Sameer Sah , senior ass...

“Elara Technologies, which owns Housing.com, PropTiger, and Makaan.com, has acquired Gurugam-based rental brokerage platform FastFox to foray into online-to-offline home rentals. FastFox was valued at just under Rs 100 crores at the time of the transaction, the company said in a statement,” reported...