DEALS & UPDATES

CreditAccess Grameen Board Nods Further Investment In Madura Micro Finance Up To Rs 250 cr

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

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AZB & Partners advised SK Capital to Acquire Apotex, a Global Leader in Affordable Pharmaceuticals

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

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Luthra And Luthra Acts For Crystal Crop On Its USD 37 Million Investment By IFC

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

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AZB & Partners advised KKR in its investment of $400 million in Serentica Renewable

Global investment firm KKR invests $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. The AZB and Partners team advising KKR comprised of Partners Ashwath Rau, and Atreya Bhattacharya.

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C&M opens doors to its fourth office in Hyderabad

Chandhiok & Mahajan 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 to

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Sanjeev Sachdeva rejoins Luthra and Luthra’ s Senior Leadership Team as a Mentor & Partner

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

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AZB & Partners Advised KKR in its acquisition of 13.3% stake in Advanta

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 a leading global seed company that

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Luthra and Luthra acted for IREDA in refinancing deals aggregating upto INR 3900 Million

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

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Francisco Partners scoops up bulk of IBM’s Watson Health unit

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. Under

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Luthra and Luthra advises National Medical Billing on acquisition of MedTek, LLC and Avontix

Luthra and Luthra Law Offices India represented National Medical Billing Services (“National Medical”), an industry leading healthcare revenue cycle management (“RCM”) company serving the surgical market, in its acquisition of MedTek, LLC (“MedTek”)and its Indian wholly-owned subsidiary Avontix Global Private Limited (“Avontix”), which are leading providers

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Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38 percent equity stake in Indian Oiltanking Ltd (IOTL), which is one of India’s largest developer and operator of liquid storage facilities. Under the

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AZB and Partners Advises Ravindra Energy On Three Solar Captive Projects

AZB & Partners advised Ravindra Energy Limited on the development of three solar captive projects in Maharashtra for three group companies and partnership entity of Mutha Group.  The Mutha Group entities intend to buy power, as captive consumers, from these captive projects which are to

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DSK Legal advised i3 Verticals in Completing its Public Sector Acquisition; Upsizes Credit Facility

DSK Legal advised i3 Verticals, Inc. (“i3”) on Indian-leg of its acquisition of a leading provider of enterprise software solutions for the motor carrier and motor vehicle markets in the U.S. States and Canada, with effect from October 1, 2022. This is i3’s second largest acquisition

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CCI approves Carlyle, Advent Groups investment proposals in Yes Bank

CA Basque, part of Carlyle Group, and Verventa Holdings, part of Advent Group, were allowed to buy up to 10% stake in Yes Bank The Competition Commission of India (CCI) has given its nod for CA Basque Investments, part of the Carlyle Group, and Verventa

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KKR To Acquire 9.99% Stake In Shriram General Insurance

Global private equity major KKR & Co has signed a definitive agreement to acquire a 9.99% stake in Shriram General Insurance taking forward the Shriram Group’s plan to spin its insurance business into a separate entity.  AZB & Partners advised KKR in its acquisition of

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Warburg Pincus To Invest $210 Mn In Medical Devices Firm Micro Life Sciences

New York-based private equity player Warburg Pincus, through its Dutch affiliate South Elm Investments B.V., has signed a definitive agreement to invest approximately $210 million (~ Rs 1,500 crore) for a minority stake in Micro Life Sciences Private Limited, parent organization of Meril group of

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AZB & Partners advised Singapore's SATS To Acquire Worldwide Flight Services And Become Largest Air Cargo Handler

Singapore-based SATS has announced that it will purchase Worldwide Flight Services (WFS) in an all-cash deal for €1.19 billion ($1.15bn). WFS is the world’s largest air cargo handling firm with a strong presence in North America and Europe, complimenting SATS’ dominance in Asia. Here’s more on the massive

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AZB & Partners advised Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co

After Reliance and Viacom18, Bodhi Tree Systems, a platform of James Murdoch’s Lupa Systems and Uday Shankar, has announced a $600 million (over Rs 4,500 crore) investment in a strategic partnership with ALLEN Career Institute to build India’s biggest test-prep company. AZB and Partners advised

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Ritika Ganju, Former Phoenix Legal Partner sets up a new firm - ‘Rise Legal’

Ritika Ganju, a former partner in corporate and M & A practice of Phoenix Legal has set up a new law firm with partners, Tejas Patel, Aquib Ali and Meera Kaura. Rise Legal is a full-service law firm with a principal office in New Delhi

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Adani Power to acquire DB Power for Rs 7,000 cr in an all-cash deal

Gautam Adani-led Adani Power Ltd has agreed to buy the thermal power assets of DB Power Limited (DBPL) for nearly Rs Rs 7,017 crore enterprise valuation, the company announced on Friday. AZB & Partners advised DB Group and B. Willowbay Investment Ltd, an affiliate of Warburg Pincus

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LUTHRA AND LUTHRA ACTED AS LENDERS’ LEGAL COUNSEL IN 2 SEPARATE TRANSACTIONS WORTH INR 6004 MILLION

Luthra and Luthra Law Offices India assisted the lenders in the structuring of the transaction, negotiating, finalization and execution of the financing documents in connection with financial assistance sanctioned to – Supply, configuration and integration of 11.00 lakh ‘smart energy meters” and auxiliary components for

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Luthra and Luthra acts as Borrower’s Legal Counsel in relation to six-lanning Highway Project

Luthra and Luthra Law offices India’s Banking and Finance team acted as the Borrower’s Legal Counsel for Ghaziabad Aligarh Expressway Private Limited (part of Cube Highways Group) in connection with refinancing of existing lenders, and  (for strengthening and widening) of the Ghaziabad-Aligarh section of NH-34

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Universal Legal advised Rivaara Labs in raising Rs 60 crore in funding led by Amicus Capital, Kotak

Rivaara Labs Private Limited an emerging molecular diagnostic and point of care technology provider has successfully raised its first institutional round of equity led by Amicus Capital and Kotak Investment Advisors Limited in a move to upgrade and expand its reach. Mr. Bharat Vinod Daftary,

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WARBURG PINCUS TO ACQUIRE MAJORITY STAKE IN VISTAAR FINANCE, INDIA’S LEADING MICRO-ENTERPRISE LENDER

Warburg Pincus a leading global private equity firm focused on growth investments, today announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in

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KKR acquires Ness Digital for over $500 million

Investment firm KKR & Co. Inc. (KKR) Thursday announced the signing of definitive agreements to acquire Ness Digital Engineering, a full-lifecycle digital services transformation company, from The Rohatyn Group. AZB & Partners advised Kohlberg Kravis and Roberts & Co. (“KKR”) on India law aspect of

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