The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted L&T Finance’s application to initiate bankruptcy proceedings against Tikona Infinet. The financial creditor has alleged a default of...
China’s Ant Group to sell 4% stake in Paytm for $242 million, term sheet shows
China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed. Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at...
Bain Capital seeks CCI nod to acquire stake in Manappuram Finance
Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal. According to the...
Corpay in talks over possible takeover of UK’s Alpha Group
Business payments firm Corpay Inc. said on Friday it was in talks with Alpha Group International about a possible cash offer for the UK-based financial services provider. Corpay, which offers tools that allow businesses...
China’s Ant Group forays into brokerage business with $362 mln Bright Smart buy
China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a...
National Company Law Tribunal okays sale of 18 IL&FS units in Mumbai
The National Company Law Tribunal (NCLT) has cleared the sale of 18 commercial units at Kohinoor Square in Mumbai to the Gajra Brothers and associated parties for about ₹315 crore. The units are currently held by...
FX firm Argentex confirms takeover talks with IFX Payments
British currency risk management company Argentex Group said on Thursday it was in advanced discussions with IFX Payments to get acquired, as the company battles a liquidity crunch due to ongoing turbulence in financial...
Baloise says Patria acquires 9.35% stake from Cevian ahead of merger with Helvetia
Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The...
360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal
360 ONE WAM Ltd on Tuesday announced the acquisition of UBS AG’s India wealth management business in a transaction valued at Rs 307 crore, further strengthening its presence in the domestic wealth management sector. The...
Nomura to buy Macquarie’s US, European asset management units for $1.8 billion
Nomura is acquiring Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion, marking the Japanese investment bank’s most ambitious expansion abroad since its failed purchase...
Capital One, Discover deal approved by US bank regulators
U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation’s eighth-largest bank. The...
Global Payments agrees $24.25 billion Worldpay deal as industry heavyweights shift focus
Global Payments has agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.25 billion in a three-way deal, sharpening its focus on merchant services in its race for big-business clients in a crowded...
