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...
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Sammaan Capital sells Rs 5,000 crore loan portfolio to stressed loan aggregator Arcil
Non-banking finance company Sammaan Capital sold a Rs 5,000 crore loan portfolio to stressed loan aggregator Arcil, in one of the largest such loan sales in the just-ended fiscal year. The loan pool spans real estate...
Japan’s MUFG Bank acquires 20 pc stake for Rs 39,618 cr in Shriram Finance
Japan’s MUFG Bank on Wednesday acquired 20 per cent stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore. The transaction represents the largest cross-border investment in India’s financial services sector...
Govt explores options to retain 51% stake in merged PFC-REC entity
The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said...
CCI clears Advent to acquire 14.3% stake in Aditya Birla Housing Finance
Fair trade regulator CCI on Tuesday cleared Advent International’s proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd. The development came after the boards of Aditya Birla Capital and...
TVS Venu Group to buy PGIM India’s asset management business
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...