TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group’s financial services business, three people with knowledge of the development said. The...
Uruguay payments provider DLocal explores sale, sources say
DLocal, a Latin American payments provider with a market value of about $3.6 billion, is exploring options including a potential sale, people familiar with the matter told Reuters on Wednesday. Montevideo, Uruguay-based...
HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report
HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering (IPO)...
Hinduja Group to close RCap deal by end January: A.P. Hinduja
The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan for the bankrupt lender...
Australia’s Insignia Financial gets $1.7 billion takeover offer from Bain Capital; shares rise
Australia’s Insignia Financial said on Friday it has received a non-binding takeover all-cash proposal from private equity Bain Capital, valuing the 178-year-old wealth manager at A$2.67 billion ($1.70 billion)...
Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. The flagship company of the Shriram group sold its entire 84.44 per cent...
NCLT asks two Tata NBFCs to seek merger nod from stakeholders
The National Company Law Tribunal (NCLT) has asked two non-banking finance companies of the Tata Group — Tata Capital Ltd and Tata Motors Finance Ltd — to convene meetings of their shareholders and secured and unsecured...
Mirae Asset Financial Group Completes Acquisition of Sharekhan
Mirae Asset Financial Group today announced the completion of its acquisition of Sharekhan, following the receipt of all required regulatory approvals. This marks a new chapter in both companies’ journeys as Mirae...
Mirae Asset Financial Group completes acquisition of Sharekhan
Mirae Asset Financial Group has completed the acquisition of Sharekhan following receipt of all required regulatory approvals. With this acquisition, Sharekhan will continue to develop its business and activities...
Edelweiss Financial Services explores minority stake sale in MF unit
Edelweiss Financial Services is looking to sell a minority stake in its mutual fund (MF) arm. The company has initiated the process by hiring an investment banker. “To further strengthen our international business, we...
Mubadala to take Canada’s CI Financial private in about $8.7 billion deal
Abu Dhabi’s Mubadala Capital will take CI Financial private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt, the Canadian asset and wealth manager said on Monday. Shares of CI Financial jumped...
DPIIT gives nod to Hinduja Group firm IIHL for acquisition of RCAP
The Department for Promotion of Industry and Internal Trade (DPIIT) has given a go-ahead to Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required...
