Allen & Gledhill has also advised DBS Bank on the S$760 million (US$598m) term and revolving loan facilities to Horizon Residential, a company sponsored by CRL Realty, UOL Group, Singapore Land Group and Kheng Leong. Aligned with the Green Loan Principles, the facilities will be used to finance the acquisition and development of the residential component of a mixed development (integrated with an MRT station, a bus interchange and a town plaza) at Hougang central. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Oversea-Chinese Banking Corporation on the US$350 million term and revolving credit facilities to Full Grace Enterprises, a vehicle sponsored by CapitaLand Mall Asia and CapitaLand Mall China Income Fund II. The facilities will be used to finance the general corporate purposes of Full Grace Enterprises, and to refinance certain borrowings relating to Minhang Plaza, Shanghai. Partner Lim Wei Ting led the firm’s team in the transaction. AZB & Partners is advising Mars Equity MC on its Rs26.1 billion (US$279m) acquisition of stake, along with other acquires, in Finnovation Tech Solutions. Partners Srinath Dasari and Adoksh Shastry are leading the firm’s team in the transaction, which was signed on April 3, 2026 and is yet to be completed. AZB & Partners has also advised FIH Mauritius Investments on its Rs2.4 billion (US$26m) sale of stake in Sanmar Chemical Enterprises (SCE) to SCE affiliate SCL Property. Partners Darshika Kothari and Kritika Agarwal led the firm’s team in the transaction, which was completed on April 10, 2026. Moreover, AZB & Partners has advised Everdoc and Wingify Software on the...

AZB & Partners is advising Coastal Cedar Investments, an affiliate of WP Pincus, on its Rs9.6 billion (US$103m) acquisition of the share capital of Fleur Hotels, a subsidiary of Lemon Tree Hotels, from APG Strategic Real Estate Pool. Partners Anil Kasturi, Niladri Maulik and Anisha Shridhar are leading the firm’s team in the transaction, which was signed on January 9, 2026 and is yet to be completed. AZB & Partners has also advised Kotak Mahindra Capital on its Rs5 billion (US$53.5m) sale of 12.1 percent stake in Infina Finance to the Estate of Shri Rakesh Jhunjhunwala. Partners Ashwath Rau and Kashish Bhatia led the firm’s team in the transaction, which was completed on March 24, 2026. Moreover, AZB & Partners is advising Tata Autocomp Systems on its Rs940 million (US$10m) acquisition of 50 percent stake in the 50:50 joint venture company with Bosch. The JV company in India will manufacture, sell and provide after-sales service to e-axles and electric traction motors-key components. Both parties are contributing operational assets, such as intellectual property, software and proprietary know-how, as well as infrastructure and human resources, to the JV. Along with that, Bosch will provide engineering and development support, while Tata Autocomp will handle operations, procurement and administration. Partners Aarthi Sivanandh and Bhavana Alexander are leading the firm’s team in the transaction, which was signed on March 23, 2026 and is yet to be completed. Clifford Chance has advised HSBC and DBS, as the arrangers, and Bank of China (Hong Kong), BNP Paribas, CMB Wing Lung Bank, Crédit Agricole CIB, ICBC (Asia), Mizuho Securities, OCBC, Standard Chartered and UBS, as the dealers,...

AZB & Partners is advising Edelweiss Financial Services and Nido Home Finance on the Rs20.9 billion (US$226m) sale of significant stake by Edelweiss Financial in Nido Home Finance to Carlyle Group and Salisbury Investments. Partners Ashwath Rau, Vipul Jain and Amitabh Robin Singh are leading the firm’s team in the transaction, which was signed on February 10, 2026 and is yet to be completed. AZB & Partners is also advising the Promoters of Forest Essentials, namely Ms Mira Kulkarni, Mr Samarth Bedi and Amar Business Holdings, on their sale of their significant stake in Forest Essentials to Estee Lauder International. Partners Zia Mody, Divya Mundra and Prabhav Shroff are leading the firm’s team in the transaction, which was signed on January 19, 2026 and is yet to be completed. Moreover, AZB & Partners has advised Kotak Mahindra Capital on its Rs4.1 billion (US$44.3m) sale of stake in Infina Finance to Bright Star Investments and Derive Trading & Resorts. Partners Ashwath Rau and Kashish Bhatia led the firm’s team in the transaction, which was completed on March 24, 2026. Clifford Chance is advising Delivery Hero on the sale of its foodpanda delivery platform business in Taiwan to Grab Holdings for US$600 million in cash, on a cash-free, debt-free basis. The transaction marks Grab’s expansion into Taiwan, its first market outside South East Asia. The transaction is subject to regulatory approvals, and is expected to close in the second half of 2026. Singapore managing partner Valerie Kong led the firm’s multi-jurisdictional team in the transaction, while Lee & Li advised on Taiwanese law. JSA Advocates & Solicitors has advised Sabre Partners and Greenstone Capital on...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$925 million (US$721m) fixed rate notes due 2033, under its S$42 billion (US$32.75b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill, together with its Malaysia associate firm Rahmat Lim & Partners, has also advised Openspace Capital on its early-stage investment in ServAuto, a digital-first automotive aftersales platform designed to address fragmentation in Malaysia’s automotive aftersales market. Openspace Capital is a multi-strategy asset manager with a long-established specialist focus on South-east Asia. Partner Julian Ho, led the firm’s team in the transaction, while partner Ho Guang Yi of Rahmat Lim & Partners advised on Malaysian law. AZB & Partners has advised Olympus Partners on the acquisition by its portfolio company, PAI Pharma, of Nivagen Pharmaceuticals and Nivagen Pharma (India). Partners Ashwath Rau and John Raghav led the firm’s team in the transaction, which was completed on January 5, 2026. AZB & Partners has also advised KKR affiliate Bentley and KKR, through Baby Memorial Hospital (BMH), on Bentley’s acquisition of stake in BMH and subsequent acquisition of majority stake by BMH in Unimed Health Care. Partner Bharat Budholia led the firm’s team in the transaction, which was unconditionally approved by the Competition Commission of India on March 17, 2026. Moreover, AZB & Partners has advised Weaver Services on its Rs14.7 billion (US$155m) sale of majority stake to Premji Invest, Lightspeed Venture Partners and Gaja Capital. Partner Nandish Vyas led the firm’s team in the transaction, which was completed on March 17, 2026. A&O Shearman has...

AZB & Partners has advised Cleanmax Enviro Energy Solutions and its promoter group, consisting of Kuldeep Jain, KEMPINC, Rikhab Investments, Mr Pratap Jain and Mrs Nidhi Jain, on the sale of stake by Cleanmax Enviro to Jongsong Investments (indirect wholly-owned subsidiary of Temasek Holdings) and GSS India Opportunities AIF Scheme I (fund managed by Bain Capital). Partners Niladri Maulik and Siddharth Khanna led the firm’s team in the transaction, which was completed on February 6, 2026. AZB & Partners is also advising TVS Shriram Growth Fund 4 on its Rs54.3 billion (US$578.5m) acquisition, along with other acquirers, of stake in Neysa Networks. Partners Vaidhyanathan Iyer and Vasudha Asher are leading the firm’s team in the transaction, which was signed on February 14, 2026 and is yet to be completed. Moreover, AZB & Partners is advising USV on its Rs16.2 billion (US$172.6m) acquisition of a majority stake in Nutritionalab (Wellbeing Nutrition). Partners Divya Mundra, Vasudha Asher, Vikram Shroff, Nandan Pendsey and Bharat Budholia are leading the firm’s team in the transaction, which was signed on February 12, 2026 and is yet to be completed. Baker McKenzie has acted for the joint sponsors and underwriters on the successful global offering and listing of Jiangsu New Vision Automotive Electronics (New Vision) in Hong Kong. Its H shares commence trading on March 24, 2026. Haitong International Capital and CITIC Securities (Hong Kong) acted as the joint sponsors in this transaction; Haitong International Securities and CLSA acted as the sponsor-overall coordinators; Haitong International Securities, CLSA and BOCI Asia acted as the overall coordinators. An award-winning and fast growing Chinese developer and manufacturer of advanced automotive...