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The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement claimed that the investment is the largest in the domestic mental health space so far and will

​​The transaction values the combined company at an implied pro forma enterprise value of approximately USD 456 million. Upon closing, the Combined Company will be renamed Zoomcar Holdings, Inc and expects to list its common stock on Nasdaq. Cohen & Company Capital Markets, a division

Larsen & Toubro Infotech-Mindtree merger gets NCLT clearances The merger of Larsen & Toubro Infotech (LTI) and Mindtree received approval from National Company Law Tribunal (NCLT) and subsequently both the companies would be operating as a merged entity from November 14, 2022, said A. M. Naik, Group

India’s bankruptcy court has approved US-based food technology startup Perfect Day’s acquisition of Sterling Biotech under the Insolvency & Bankruptcy Code (IBC). In April, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore for the debt-ridden company, which owes over

Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (“R Systems”). AZB & Partners advised R Systems International Limited and

DSK Legal advised Kotak Investment Advisors Limited (“KIAL”), in relation to the closure of KIAL’s 13threal estate fund for opportunistic real estate investments in India. This fund will have a corpus of USD 1,000,000,000 (US Dollars One Billion only), secured through an investment of USD 500,000,000 (US Dollars Five Hundred Million only)

Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (“IIFL Wealth”) to Bain Capital for gross proceeds of approximately

Shares of Global Health Ltd made a decent market debut today, listing at a premium of 19.35 per cent against the IPO issue price. The price band of the share sale was Rs 319 to Rs 336 per share. The stock listed at Rs 401

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp’s gross renewable assets in India to 3 Gw Singapore-listed utility company Sembcorp Industries said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to

Luthra and Luthra Law Offices India recently advised FINN Partners Limited on its acquisition of SPAG Consultants Private Limited. Finn Partners is one of the fastest-growing global, independent marketing and communications agencies in the world. FINN provides clients with global access and capabilities in the

Mala Gopal Gaonkar sold 5.75 crore shares at an average of Rs 175.48 per share while Canada Pension Plan Investment Board bought 1.7 crore Nykaa shares at Rs 175.25 apiece, data showed. Mala Gopal Gaonkar sold Rs 1,009 crore worth FSN E-Commerce Ventures (Nykaa) shares

The government has garnered about Rs 3,839 crore by selling a 1.5 percent stake in Axis Bank, which it held through SUUTI. The Government of India has received around Rs 38.39 billion, i.e., $472.1 million, from the sale of Axis Bank Ltd shares held by

UPL announced that wholly owned subsidiaries of the Abu Dhabi Investment Authority (“ADIA”), Brookfield and TPG will together invest INR 1,580 Crore (US$ 200 Mn) for acquiring a combined 9.09% stake in UPL Sustainable Agri Solutions Limited (“UPL SAS” or “the Company”), creating ‘India’s largest

The Board of Directors at their meeting on December 21, 2021, have considered and approved further investment in MMFL. CreditAccess Grameen Ltd has announced to the exchanges regarding investment in Madura Micro Finance Limited company. As per regulatory filing, based on the approval of the Shareholders

Investment from SK Capital to support Apotex’s next phase of growth and continued innovation for patient affordability. An affiliate of funds advised by SK Capital Partners, LP (“SK Capital”) announced that it has reached an agreement to acquire Apotex Pharmaceutical Holdings Inc. (“Apotex” or the

Luthra and Luthra Law Offices India assisted Crystal Crop Protection Limited in relation to raising of private equity investment of INR. 300 crores (USD 37 million approx.) from International Finance Corporation (IFC) and Emerging Asia Fund (EAF).   The team comprised of Partners, Avirup Nag and

Global investment firm KKR will invest $400 million in Serentica Renewables, a decarbonisation platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries. AZB & Partners advised Kohlberg Kravis Roberts & Co. L.P (KKR). The AZB &

Chandhiok & Mahajan (C&M) is pleased to announce the opening of its fourth office at Hyderabad. Located at Shangri-La Plaza in Banjara Hills, the office can accommodate up to 10 lawyers and staff.  Competition and disputes Partner, Avinash Amarnath, has relocated from C&M’s Bengaluru office

Luthra and Luthra Law Offices India welcomes back Sanjeev Sachdeva as a Mentor & Partner in the Firm’s Senior Leadership. Sanjeev will also be reassuming his role as a Taxation Partner. Sanjeev has been associated with Luthra Family since 2008 and played a pivotal role

KKR, a leading global investment firm, and UPL Limited (“UPL”), a global agriculture solutions provider, announced the signing of definitive agreements under which KKR will invest US$300 million for a 13.33% stake in Advanta Enterprises Limited (“Advanta” or “the Company”), a subsidiary of UPL and

Luthra and Luthra Law Offices India advised Indian Renewable Energy Development Agency Limited (“IREDA” or “Lender”) in separate two refinancing transactions related to financial assistances sanctioned for 18 MW  ‘Hydro Power Project’ in the State of Odisha and 100 MW “Solar Power Project” located in the State of Telangana aggregating up

In what has to be considered an anticlimactic ending, IBM sold off the data assets of its Watson Health unit to private equity firm Francisco Partners today. The two firms did not share the purchase price, but previous reports pegged the value at around $1 billion. AZB