Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share. The Board of Directors of Pro Fin Capital Services, a company engaged in...
Naver’s payment arm to acquire South Korean crypto exchange operator in $10 bln deal
Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of the country’s largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won...
CCI clears ICICI Prudential AMC’s proposal to acquire certain biz units of ICICI Venture Fund
Fair trade regulator CCI on Tuesday cleared the proposal of ICICI Prudential Asset Management Company to acquire certain businesses from ICICI Venture Funds Management Company. “The proposed combination involves...
Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal
Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday. Blank-check deals have made a...
Dhan parent Raise Financial acquires algo trading platform Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5 million, said people familiar with...
Pro Fin Capital gets green signal from Excellence Creative for 25 pc stake buy
Pro Fin Capital Services Ltd said it has received a Letter of Intent (LoI) from Hong Kong-based Excellence Creative Ltd to acquire up to 25 per cent stake in the latter for Rs 22 crore. The LoI, received on November 13...
KKR to buy up to $75.4 billion of PayPal’s European BNPL loans in renewed deal
PayPal and KKR have renewed their partnership that will see the investment giant purchase up to 65 billion euros ($75.4 billion) of the payments provider’s European buy now, pay later loans, the companies said on...
DWS Group to buy 40% in Nippon Life India AIF biz
German asset manager DWS Group will pick up a 40% stake in Nippon Life India Asset Management’s alternatives business, a release said. The stake sale in Nippon Life India AIF Management is aimed at scaling up the...
Business Payments Firm Bill Holdings Is Exploring a Sale
Bill Holdings Inc., the business-payments firm under pressure from activist investor Starboard Value LP, is exploring options including a potential sale, people familiar with the matter said. The San Jose, California...
Debt-laden Kinara Capital looks to sell majority stake for survival
Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
Payments firm BILL is exploring a sale, sources say
Payments firm BILL Holdings is exploring a sale, two sources familiar with the matter told Reuters on Tuesday, as it faces pressure from activist investors. Shares of the company — which has a market capitalization of...
Financial services firm JTC agrees to $3 billion buyout proposal from Permira
London-listed financial services firm JTC Plc said on Monday that it has accepted a fourth revised buyout proposal from British private equity firm Permira, valuing the company at 2.3 billion pounds ($3.09 billion).
