Medical devices company, Healthium Medtech Ltd. (formerly Sutures India) is in the process of selling stake from its UK-based subsidiary, Clinisupplies to private equity major KKR. Financial details of the transaction were not disclosed. KKR will invest in Clinisupplies through its $4 billion Health Care Strategic Growth Fund
The industrial automation business of Wipro Infrastructure Engineering, a Wipro Enterprises entity, on Thursday announced it is acquiring Linecraft.ai, a Pune-based AI-enabled company, for an undisclosed sum. Linecraft.ai harnesses the power of both automation domain expertise and artificial intelligence (AI) and machine learning (ML) to
Trelleborg Group has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire an operation specializing in automotive boots for the fast-growing Indian light vehicles market. The operation is part of the India-based privately owned company Injectoplast. The acquisition means that Trelleborg further
Société Générale and AllianceBernstein are combining their equities research and trading businesses to compete better globally. The move comes after a wave of regulation in Europe around how banks and other stock-research providers sell their services. Financial firms tout stock research to their clients for trading ideas
AZB & Partners advised BW Investment LimitedL (BWIL) in its acquisition of 100% shareholding in Rabo Equity Management Company Limited (REMCO). The AZB & Partners team comprised of Partners Rajendra Barot, Darshika Kothari, Kunal Kumbhat and Rushabh Maniar. Write to us at deals@lawwiser.com
Indusalw advised and represented Bright Lifecare Private Limited (“Healthkart”) in relation to its series H investment of USD 135 million led by Temasek and A91 Partners, with participation from Kae Capital and other existing investors. The IndusLaw team comprised of Manish Gupta (Partner), Nikita Goyal
Saudi Agricultural and Livestock Investment Company (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, has acquired 9.22 per cent stake in packaged foods and staples company LT Foods. AZB & Partners advised LT Foods Limited in the
The merger, which is aimed to be completed by March 2024, will give SIA a 25.1% stake in an enlarged Air India group with a significant presence in all key market segments. Singapore Airlines (SIA) and Tata Sons have agreed to merge Air India and
Non-banking financial company Five Star Business Finance Ltd on Monday said it has mobilised ₹588 crore from anchor investors ahead of its initial public offering (IPO) that will open for public subscription on Wednesday. NBFC The ₹1,960 crore issue will open on November 9 till Friday, November
Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup ‘DriveX’ for a consideration
The in-patient psychiatric facility Sukoon Healthcare has secured $15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority
Despite all its challenges, failed models and customer criticism over the past two years, Zoomcar is now on the verge of an IPO. After being in the news for the past two years for a slew of issues including customer complaints, refunds, pivots and business downturn
The L&T Group has announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), effective November 14. The new entity, LTI Mindtree, will begin trading from November 24. Mindtree shareholders will get 73 LTI shares for every 100 shares they hold post
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 2022, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore
Kotak Investment Advisors has secured an anchor investment of $500 million from the Abu Dhabi Investment Authority (ADIA) for its 13th real estate fund, a $1 billion platform targeting real estate investments in the country. With this new fund, Kotak Investment Advisors has raised, managed
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
US investment fund Blackstone Inc said on Thursday that it would buy a 52% stake in Indian IT services company R Systems International for $359 million ( ₹2,904 crore). Shares of R Systems rallied more than 15% to ₹281 apiece on the BSE in early trading session.
Global Health Limited issued initial public offering (IPO), comprising a fresh issue of equity shares and an offer for sale of equity shares by the selling shareholders, aggregating to INR 22,055.70 million. AZB & Partners acted as legal counsel for BRLMs (Kotak Mahindra Capital Company
Singapore-listed utility company Sembcorp Industries on Sunday said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (Gw). AZB & Partners advised India Infrastructure Fund II (a fund managed by Global Infrastructure Partners India Pvt. Ltd.;
Finn Partners is one of the fastest-growing global, independent marketing and communications agencies in the world. FINN provides clients with global access and capabilities in the Americas, Europe and Asia. SPAG is a leading, Asia-headquartered, health-sector communications and marketing firm. SPAG serves global biopharma companies,
Mala Gopal Gaonkar sold Rs. 1,009 crore worth FSN E-Commerce Ventures Limited (Nykaa) shares through a block deal..IndusLaw advised and represented Goldman Sachs (India) Securities Private Limited (Broker) on this deal. The IndusLaw team comprised of Manshoor Nazki (Partner), Pooja Maloo (Senior Associate) and Esha
The Specified Undertaking of the Unit Trust of India (SUUTI), under the Central Government, will sell up to 1.55% stake or 4.65 crore shares in Axis Bank via an offer for sale (OFS). Around 4.65 crore shares of Axis Bank will go on the block
UPL announced that wholly owned subsidiaries of the Abu Dhabi Investment Authority (“ADIA”), Brookfield and TPG will together invest INR 1,580 Crore (US$ 200 Mn) for acquiring a combined 9.09% stake in UPL Sustainable Agri Solutions Limited (“UPL SAS” or “the Company”), creating ‘India’s largest
As per regulatory filing, based on the approval of the Shareholders at the 30th Annual General Meeting held on July 30, 2021, with regard to further investment by the Company in Madura Micro Finance Limited (MMFL), a Material Subsidiary, up to an aggregate sum of
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 “Company”), a proudly Canadian, global pharmaceutical company that produces high-quality, affordable medicines across all major therapeutic areas