M&A News

IC Legal, Universal Legal merge to create pan-India law firm

21 September, 2017/VCCiRCLE/- Mumbai-based IC Legal Advocates & Solicitors and Bangalore-headquartered Universal Legal Attorneys at Law have decided to merge their practices to create a national-level law firm. The combined firm, IC Universal Legal Advocates & Solicitors (ICUL), will have…
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After Little and Nearbuy, Paytm in talks to acquire travel portal Via.com

19 September, 2017/VCCiRCLE/- Flush with funds from Japan’s SoftBank, digital wallet and e-commerce company Paytm is eyeing another acquisition. The payments firm has held preliminary talks to acquire online travel company Via.com, a report in a financial daily stated. Paytm,…
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Shriram Transport Finance picks up 17% stake in logistics startup Freight Tiger

13 September, 2017/VCCiRCLE/- Commercial vehicle financier Shriram Transport Finance Company Ltd has invested Rs 6.99 crore ($1.09 million) to acquire a 17% stake in logistics solutions startup Freight Tiger, it said in a stock-exchange filing. Shriram received 63,279 equity shares…
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Tata Group may shutter telecom unit; German Dry Docks eyes Bharati Defence

15 September, 2017/VCCiRCLE/- Tata Group chairman N Chandrasekaran is weighing the possibility of shutting down the conglomerate’s mobile telephony vertical, Tata Teleservices Ltd, after failing to find a buyer for the unit, a report in The Times of India stated, citing people…
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Cyient sells 49% stake in JV to partner Pratt & Whitney

14 September, 2017/VCCiRCLE/- Hyderabad-based Cyient Ltd, which had formed a joint venture, Infotech Aerospace Services Inc., with American aerospace manufacturer Pratt and Whitney Services Pte. Ltd in 2004, has decided to divest its holdings in the company. As part of…
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Tata Chemicals in talks to sell phosphatic fertiliser biz to Indorama

13 September, 2017/VCCiRCLE/- Tata Chemicals Ltd said on Wednesday it is in advanced stages of negotiations to sell its phosphatic fertiliser business and the trading business comprising of bulk and non-bulk fertilisers to Singapore’s Indorama Corp. The Tata Group company…
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Shriram Transport Finance picks up 17% stake in logistics startup Freight Tiger

13 September, 2017/VCCiRCLE/- Commercial vehicle financier Shriram Transport Finance Company Ltd has invested Rs 6.99 crore ($1.09 million) to acquire a 17% stake in logistics solutions startup Freight Tiger, it said in a stock-exchange filing. Shriram received 63,279 equity shares…
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