TVS Venu Group Thursday said it has signed definitive agreements to acquire the asset management business of PGIM India Asset Management from Prudential Financial. The transaction will see TVS Venu Group, through TVS...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Mastercard explores sale of payments unit it bought from Nets in 2019, FT reports
Mastercard is seeking to sell the real-time payments unit that it acquired from Denmark’s Nets Group in 2019 for $3.2 billion, the Financial Times reported on Thursday, citing people familiar with the matter...
RBI nod to acquisition of Sammaan Capital by Avenir Investment RSC
The Reserve Bank has approved the proposed acquisition of a controlling stake in Sammaan Capital Ltd by an affiliate of Abu Dhabi-based International Holding Company. The acquisition by Avenir Investment RSC Ltd also...
RBI approves Avenir acquisition of Sammaan Capital
RBI has approved Avenir Investment RSC’s proposed acquisition of a controlling stake in Sammaan Capital, the company said on Tuesday. Avenir Investment RSC is owned and controlled by Abu Dhabi’s...
Svatantra Microfin acquires Chaitanya India Fin; becomes 2nd largest NBFC-MFI
Svatantra Microfin Pvt Ltd on Monday announced that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following NCLT approval. The approval for the amalgamation...
Mortgage lender Weaver buys majority stake in Centrum Housing
Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL). Weaver on Wednesday said it has completed raising ₹1,450 crore from Premji Invest, Lightspeed Venture...
Australia’s Magellan to buy Barrenjoey at implied value of $1.1 billion
Australia’s Magellan Financial Group said on Monday that it will acquire all the issued shares of Barrenjoey Capital Partners that it does not currently own at an implied value of A$1.62 billion ($1.14 billion)...
Billdesk to acquire Worldline’s India operations; deal values business at $70 million
Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million. In a statement, Worldline said that it would...
Payments processor Stripe expresses interest in PayPal
Payment processing firm Stripe is considering an acquisition of all or parts of PayPal Holdings, according to people familiar with the matter. Stripe, which is closely held and is among the industry’s most valuable...
Govt to divest up to 4% in IRFC via OFS at Rs 104/ Share
The government on Tuesday announced an offer for sale (OFS) to divest up to a 4% stake in state-owned Indian Railway Finance Corporation (IRFC). Under the offer, the Centre will initially sell a 2% stake, with an...
