Honasa Consumer Limited, the parent company of Mamaearth, has acquired a 58% stake in Fluence Pharma Private Limited for Rs.135 crore. JSA Advocates & Solicitors acted as legal counsel, advising Honasa on the strategic stake acquisition transaction.
The Delhi High Court has annulled an arbitral award against Oravel Stays (OYO) in a dispute with Zostel over a 2015 acquisition deal. The ruling highlights the necessity for formal agreements in business transactions, emphasizing that non-binding term sheets may not ensure enforceability in legal proceedings. Final order details are pending.
