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...
Govt considering merger of state-run entities PFC and REC
The government is considering a merger of state-run power sector lender Power Finance Corporation (PFC) and its subsidiary REC Ltd as a part of the restructuring push, sources said on Monday. PFC and REC play a key role...
Advent to buy 14.3% of Indian mortgage lender Aditya Birla Housing Finance for $304 million
Private equity firm Advent International will buy a 14.3% stake in India’s Aditya Birla Housing Finance for 27.5 billion rupees ($304.1 million), the latter’s parent said on Tuesday. The deal values the...
Capital One strikes $5.15 billion Brex deal, quarterly profit rises on interest income boost
Capital One Financial said on Thursday it will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion and reported a rise in quarterly profit on the back of higher interest income from its credit...
Fintech Airwallex buys South Korea’s Paynuri in Asia expansion
Airwallex has acquired South Korea’s Paynuri Co Ltd, securing local payments licences and a foreign-exchange business registration that will allow it to operate directly in the country as the Australia-founded...
State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore
State Street, the world’s fourth-largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww. The transaction involves...
