The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency petition filed by Unity Small Finance Bank against Awas Developers and Constructions Pvt Ltd, holding that the lender failed to...
Financial services
NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT order
Appellate Tribunal NCLAT has revived the plea of debt-ridden Infrastructure Leasing & Financial Services (IL&FS) seeking examination of six alleged circuitous lending transactions aggregating Rs 1,080 crore. The...
Mark Zuckerberg tries to buy payments redemption
Mark Zuckerberg is relying on a well-worn M&A playbook that has created fortunes for him before to realise the full fintech potential of WhatsApp. The global messaging app owned by the company he controls, Meta...
CCI approves Kedaara Capital’s Rs 750 crore stake purchase proposal in Axis Finance
The Competition Commission of India on Tuesday approved private equity firm Kedaara Capital’s proposal to acquire a stake in Axis Finance for Rs 750 crore. Axis Finance Limited (AFL) is a non-banking financial...
President Murmu approves merger of REC with Power Finance Corporation
The President has approved the merger of REC Ltd with Power Finance Corporation, nearly seven years after PFC acquired the government’s majority stake in REC. In March 2019, state-owned PFC completed the...
Motilal Oswal Financial jumps after HDFC Life Insurance buys stake via block deal
Motilal Oswal Financial Services rose 4.02% to Rs 853.65 after HDFC Life Insurance Company acquired a 0.30% stake in the company through a block deal on Monday, 8 June 2026. According to NSE block deal data, HDFC Life...
Atom Financial Services Group Acquires Sirius Capital, Launches Global Investment Banking Platform for Promoters across India, the UAE and Singapore
Atom Financial Services Group today announced the completion of its acquisition of Sirius Capital, a UAE-based investment banking and special situations advisory firm, and the formal launch of Atom Investment Banking...
Policybazaar parent PB Fintech promoters plan stake sale worth ₹654 crore
Promoters of PB Fintech, the parent company of Policybazaar, are set to offload shares worth up to ₹654 crore through a block deal on Thursday, according to a term sheet seen by Business Standard. The proposed...
Elevation Capital sells Rs 964 crore Paytm Shares via block deals
According to stock exchange filings, multiple entities under Saif Partners participated in the bulk deals, selling shares worth about ₹964 crore. Saif Partners, which is among Paytm’s earliest investors, was...
Goldman Sachs, SocGen, others buy 1.34% stake in Paytm for ₹964 crore
Global financial institutions, including Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively acquired a 1.34 per cent stake in One 97 Communications, the parent company of Paytm, from SAIF...
PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has moved a step closer to its proposed merger with REC Limited after its board approved seeking formal approval from the President of India for the transaction. In an exchange filing, PFC said...
Jio Financial Services, Allianz Group ink 50:50 general, health insurance JV
Jio Financial Services (JFSL) and Germany’s Allianz Group have signed a binding agreement to set up a 50:50 primary insurance joint venture focused on the general and health insurance segment, tapping into a ₹3.34...
