Godrej Capital, the financial services arm of the Godrej Group, on Wednesday announced the acquisition of the gold loan business of Kanakadurga Finance through its subsidiary Godrej Finance for an undisclosed sum. The...
Financial services
J&K Bank sells 0.5% stake in PNB MetLife for Rs 120 crore
Private sector lender Jammu and Kashmir Bank has finalised offloading 0.5% stake in PNB MetLife India Insurance Company to MetLife International Holdings, LLC for Rs 120 crore. A share purchase agreement to this end was...
TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore
Home Credit India Finance, a subsidiary of TVS Holdings, has agreed to acquire 100% of Varthana Finance in an all-cash deal valued at Rs 967 crore, as the group looks to expand its financial services business into...
Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53...
Tata Capital to buy 88.6% in Yogloans, enters gold loan business
Tata Capital will acquire about 88.6% of Yogakshemam Loans Ltd, or Yogloans, marking its entry into India’s fast-growing gold loan market and intensifying competition for specialist lenders such as Muthoot Finance and...
Mastercard examines sale of UK payments subsidiary Vocalink, FT reports
Mastercard is exploring the sale of a majority stake in its UK payments subsidiary Vocalink back to British banks as it responds to concerns about a critical asset being under U.S. ownership, the Financial Times...
NCLT dismisses Unity Small Finance Bank’s insolvency plea against Awas Developers over default date
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...
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...
