Shriram Finance’s board would meet Friday to likely consider an equity stake sale in the vehicle financier to Japanese banking giant, the Mitsubishi UFJ Financial Group (MUFG). Shriram said in a customary filing...
CVB Financial to buy Heritage Commerce in $811 million deal in Bay Area push
Regional lender CVB Financial will buy smaller rival Heritage Commerce in an $811 million all-stock deal, as it looks to expand its presence into the Bay Area that is a major powerhouse of the U.S. economy. The deal...
Japanese giant Mizuho to acquire majority stake in India’s Avendus from KKR
Avendus, an Indian institutional financial services firm, said on Wednesday that Redpoint Investments, an affiliate of KKR, will sell its stake in the company to Mizuho Securities Co. Ltd, a unit of Mizuho Financial...
Shriram Finance board meet on Friday likely to finalise MUFG deal
Vehicle financier Shriram Finance’s board of directors will meet on Friday, most likely to consider an equity stake sale to Japanese banking giant Mitsubishi UFG Financial Group (MUFG). In a late-night stock exchange...
Tata AIA Life, Temasek buys 1.4 pc stake in SBFC Finance for Rs 161 cr
Tata AIA Life Insurance Company and Aranda Investments, an affiliate of Temasek Holdings, on Tuesday bought a total of 1.53 crore shares, representing 1.4 per cent stake, of SBFC Finance for Rs 161 crore from...
MUFG nears $3.2 bn deal to acquire minority stake in Shriram Finance
Mitsubishi UFJ Financial Group Inc. is nearing a deal to buy a minority stake in India’s Shriram Finance Ltd., according to people familiar with the matter, the latest foreign bank seeking to build a presence in the...
Mizuho looks to wrap up Avendus acquisition this week
Mizuho Financial Group is finalising terms to acquire KKR-backed Avendus Capital at a Rs 5,900-crore valuation, almost six months after it had first agreed to buy the home-grown investment bank, said people in the know...
NCLT’s valuation flags cloud IL&FS HQ sale
The sale of IL&FS’s headquarters in Mumbai’s Bandra Kurla Complex is likely to face delays after the bankruptcy tribunal raised concerns over the use of outdated property valuations, potentially forcing...
UK’s Aberdeen to acquire $2 billion of US closed-end assets
British money manager Aberdeen said on Friday it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S...
Mexico Nears Approval of Billionaire’s Bid for Banamex Stake
Mexican financial authorities are close to approving an offer by billionaire Fernando Chico Pardo to buy a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way to list the business as soon...
CCI approves acquisition of controlling stake in Sammaan Capital by Avenir Investment RSC
Sammaan Capital announced that the Competition Commission of India has approved the proposed acquisition of a controlling stake in the company by Avenir Investment RSC (Investor), which is owned and controlled by...
Abu Dhabi’s IHC gets CCI nod to acquire stake in Sammaan Capital
Fair trade regulator CCI on Tuesday cleared Abu Dhabi-based International Holding Company’s proposal to acquire stakes in Sammaan Capital. International Holding Company (IHC), through its affiliate Avenir...
