Oman India Joint Investment Fund to acquire shares of PnB Metlife

Oman India Joint Investment Fund, a private equity firm being a joint venture of Oman’s State General Reserve Fund and State Bank of India, will acquire shares of PnB Metlife. J. Sagar Associates (JSA) has advised Oman India Joint Investment Fund in the proposed acquisition of shares of PnB Metlife from The J&K Bank Limited.

The total deal value is INR 185 crore.

Granules India receives US FDA approval

Granules India Ltd. announced that the US FDA has approved its Abbreviated New Drug Application (ANDA) for Acetaminophen 650 mg Tablets, Extended Release, bioequivalent to the reference listed drug product (RLD), Tylenol 650mg tablets, Extended Release.

Acetaminophen 650 mg extended release tablets are used primarily for temporary pain management including arthritis relief

Mastercard acquires Transfast

Mastercard has acquired 100% share acquisition of Trans-Fast for a base purchase price of USD 450,000,000 (Four Hundred Fifty Million Dollars). Transfast is engaged in the business of providing cross border payment products for consumers and businesses and has a global presence including 2 subsidiaries in India.

J. Sagar Associates (JSA) advised and assisted Mastercard International Inc. in connection with the acquisition of Trans-Fast Remittance Inc.

REVE Antivirus

REVE Antivirus has added new features of Vulnerability Scan and advanced Firewall for their REVE Total Security users maintaining ‘User Privacy’ as one of the top priorities. With the new feature of Vulnerability Scan, REVE Total Security scans the device and check for the loop-hole open in the system due which it can be exposed to virus attack.

Advanced Firewall feature is configurable and user can configure the rules as per his requirement to keep his or her computer safe from outside attacks.

mjunction appoints Aninda Chatterjee  

Aninda Chatterjee has been appointed as VP-Finance & CFO of Kolkata-based B2B e-commerce company mjunction Services Limited. Prior to this, Mr. Chatterjee was MD of the West Bengal Electronics Industry Development Corporation Limited (Webel) and has earlier also been associated with Bengal Aerotropolis, Nokia Siemens Network, TCG Software and Tata Steel.