The National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by...
Banking
Blackstone gets India’s central bank nod to buy Federal Bank stake
The Indian central bank has approved private equity firm Blackstone’s acquisition of up to a 9.99% stake in Federal Bank, the private lender said on Thursday. The deal, which would make Blackstone the largest...
NCLT admits Smaaash Leisure into insolvency
The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction...
Government sets February 5 deadline for financial bids for IDBI, sources say
India’s federal government has set a February 5 deadline for financial bids for IDBI Bank as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter. The...
Prosperity Bancshares bolsters Texas presence with $2 billion Stellar Bancorp buy
Prosperity Bancshares will buy rival Stellar Bancorp in a $2 billion cash-and-stock deal, the banks said on Wednesday, creating a mega Texas-focused lender and highlighting rapid consolidation among U.S. regional...
Deutsche Bank, DWS eye stake in Fosun-controlled firm, Bloomberg News reports
Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consolidator Frankfurter...
Axis Bank puts Axis Finance stake sale on hold after RBI eases rules
India’s Axis Bank has put on hold plans to sell a stake in its consumer lending arm, Axis Finance. After the central bank eased proposed restrictions on overlapping business activities between banks and their...
JPMorgan buys UK pensions technology firm WealthOS, memo shows
U.S. banking giant JPMorgan Chase as closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday. The acquisition will deepen the bank’s footprint...
IDBI Bank’s renaming on radar ahead of divestment
The potential renaming of IDBI Bank after an acquisition remains a key imponderable for interested suitors ahead of the lender’s impending disinvestment given the lack of clarity on the issue, said people familiar...
South Africa’s Nedbank to buy majority stake in Kenya’s NCBA for $856 million
South Africa’s Nedbank Group said on Wednesday it has offered to buy a 66% stake in Kenya’s NCBA Group in a cash-and-stock deal for 13.9 billion rand ($855.5 million) as part of the lender’s ambitions...
Emirates NBD Bank gets CCI’s nod to acquire majority stake in RBL Bank
Fair trade regulator CCI on Tuesday approved Emirates NBD Bank’s proposal to acquire a majority stake in private sector lender RBL Bank Ltd. The move came after Emirates NBD Bank (ENBD) in October 2025 said that...
ICICI Bank receives regulatory approval for acquisition of ICICI PFM
ICICI Bank announced that the Pension Fund Regulatory and Development Authority has, vide its letter dated 05 January 2026 (received by the Bank yesterday at 6:21 p.m.) accorded its approval to the Bank for the proposed...
