State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares. In an exchange filing, the Central Bank...
Banking
Emirates NBD launches open offer to acquire 26% stake in target company
Emirates NBD Bank has announced an open offer to acquire up to 415.59 million equity shares, representing 26 per cent of the expanded voting share capital of RBL Bank. The offer price has been fixed at Rs 282.38 per...
Govt to offload up to 8% stake in Central Bank of India through OFS
The government will offload up to 8 per cent stake in Central Bank of India through an offer for sale (OFS) starting Friday, Disinvestment Secretary Arunish Chawla said late Thursday in a post on X. The OFS will open...
Italy’s Intesa among bidders for Spanish private bank Singular, sources say
Italy’s Intesa Sanpaolo is among suitors for Singular Bank as U.S. fund Warburg Pincus seeks to sell its 93% stake in the Madrid-based private lender, three people close to the matter said. The Financial Times...
TVS Venu, Shruti Lohia-promoted firms to buy minority stakes in Jana Small Finance Bank
A family enterprise of TVS Motor Company chairman emeritus Venu Srinivasan and another firm owned by the daughter of Indorama Corporation founder SP Lohia will acquire a 14.5% stake in Jana Small Finance Bank. The TVS...
TVS, other investors keen to buy into Jana Small Finance Bank
A clutch of new investors, including Venu Srinivasan-led TVS Venu Group, would buy into Jana Small Finance Bank, while the lender’s long-time partner TPG Capital is likely to partially reduce its stake, people...
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based Emirates NBD has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in RBL Bank Limited, paving the way for the...
Hana Bank to acquire stake in Dunamu for $700 mln, filing says
South Korea’s Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country’s largest cryptocurrency exchange, the bank’s holding company said in a regulatory...
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a...
Govt reviews divestment plans, IDBI Bank stake sale
The government on Monday reviewed its disinvestment strategy, including the IDBI Bank strategic sale, as stock market volatility in the aftermath of the West Asia war has cast a shadow over its sell-off bid, a person...
Quadra Capital nears deal to buy $3 billion of assets from Banco de Brasília, sources say
Brazilian independent asset manager Quadra Capital is nearing the acquisition of 15 billion reais ($2.99 billion) of assets from state-owned Banco de Brasília (BRB) that were previously held by liquidated lender Banco...
Ireland to sell final crisis-era bank shares as BAWAG agrees $1.9 billion PTSB deal
BAWAG Group will buy Irish retail lender Permanent TSB for 1.62 billion euros ($1.92 billion) in a deal that will widen the Austrian bank’s European footprint and allow the Irish government to exit its last bank...
