Australia’s Magellan Financial Group said on Monday that it will acquire all the issued shares of Barrenjoey Capital Partners that it does not currently own at an implied value of A$1.62 billion ($1.14 billion)...
Billdesk to acquire Worldline’s India operations; deal values business at $70 million
Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million. In a statement, Worldline said that it would...
Payments processor Stripe expresses interest in PayPal
Payment processing firm Stripe is considering an acquisition of all or parts of PayPal Holdings, according to people familiar with the matter. Stripe, which is closely held and is among the industry’s most valuable...
Govt to divest up to 4% in IRFC via OFS at Rs 104/ Share
The government on Tuesday announced an offer for sale (OFS) to divest up to a 4% stake in state-owned Indian Railway Finance Corporation (IRFC). Under the offer, the Centre will initially sell a 2% stake, with an...
Stripe is considering acquisition of all or parts of PayPal, Bloomberg News reports
Payments firm Stripe is considering an acquisition of PayPal or parts of the digital payments pioneer, Bloomberg News reported on Tuesday, citing people familiar with the matter. Stripe, which is privately held and is...
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal links Visa’s global payments network...
CCI clears HLFL–NDL merger, paving way for Hinduja Finance consolidation
India’s antitrust watchdog, the Competition Commission of India, has approved the proposed merger of Hinduja Leyland Finance with and into NDL Ventures, clearing the path for a consolidation move aimed at streamlining...
Axis Asset Management Co-Axis Securities deal gets CCI nod
Fair trade regulator CCI has approved the acquisition of portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd. “The proposed combination is in the nature of an...
Manappuram Finance shares in focus as RBI clears Bain Capital’s 41.66% stake buy
Shares of Manappuram Finance are likely to remain in focus on Monday after the company received the Reserve Bank of India’s (RBI) final approval for Bain Capital affiliates to acquire up to 41.66% stake in the gold loan...
Burman-backed Religare Enterprises announces demerger to unlock shareholder value
Burman family backed-Religare Enterprises Ltd (REL) has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and...
Carlyle to acquire majority stake in Edelweiss’ Nido Home Finance
Global private equity firm Carlyle Group will acquire a strategic majority stake in its housing finance arm, Nido Home Finance, for Rs 2,100 crore, Edelweiss Financial Services Limited said on Tuesday. According to...
KNAV acquires majority stake in UAE’s Affiniax
Global accounting and consulting firm KNAV has acquired a majority stake in Affiniax Group, a UAE-based assurance and advisory firm, for an undisclosed amount. Both KNAV and Affiniax Group are members of Allinial...
