Spain’s Santander is exploring options for its roughly $8 billion (7.3 billion euro) majority stake in its Polish unit, including a potential sale, Bloomberg News reported on Tuesday, citing people familiar with...
Capital One’s $35 billion deal for Discover clears US DOJ hurdle, NYT reports
Capital One Financial Corp got the greenlight from the Justice Department for its proposed $35 billion acquisition of Discover Financial Services, the New York Times reported on Thursday. The approval came after the DOJ...
ABCL completes merger of subsidiary Aditya Birla Finance with itself
Aditya Birla Capital on Monday said it has completed the amalgamation of its wholly-owned subsidiary Aditya Birla Finance with itself to create a unified larger operating NBFC. This follows the order of the National...
Shivalik Small Finance Bank plans M&A to grow
Shivalik Small Finance Bank has started exploring M&A opportunities to expand the secured portfolio in its balance sheet, seeking to de-risk its overall book amid evident stress in loan assets that do not have...
Aditya Birla Sun Life Mutual Fund announces merger of target maturity fund with corporate bond fund
Aditya Birla Sun Life Mutual Fund has announced the merger of its target maturity fund with the corporate bond fund. Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund will be the merging...
Bain Capital to buy stake worth $508 million in India’s Manappuram Finance
India’s Manappuram Finance said on Thursday Bain Capital would invest 43.85 billion rupees ($508 million) to acquire an 18% stake in the gold loan provider at a time record prices of the precious metal has made...
HSBC in talks to sell German fund administration unit to BlackFin, Bloomberg News reports
HSBC Holdings is in advanced talks to sell its German fund administration business to private-equity firm BlackFin Capital Partners, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The...
IIHL completes acquisition of RCAP; mgmt transfer to take place on Wed
IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. The...
NCLT gives all parties 8 days to complete procedural issues for ownership transfer of RCAP to IIHL
The National Company Law Tribunal (NCLT) on Wednesday gave additional eight days to all parties to complete procedural issues for the ownership transfer of debt-ridden Reliance Capital (RCAP) to IndusInd International...
B2B SaaS company Perfios acquires debt management firm CreditNirvana
Perfios, a provider of software services to banks and other financial services companies, has acquired CreditNirvana, a debt management and collections platform. The company did not disclose the financial terms of the...
NCLAT upholds ICICI Securities delisting, dismisses shareholders challenge
The companies appeal court on Monday upheld the delisting of ICICI Securities Ltd from the stock exchanges, rejecting challenges by shareholders Quantum Mutual Fund and an individual investor. “All appeals dismissed,”...
Jio Financial buys out SBI’s stake in payments bank JV
Jio Payments Bank, a joint venture between Jio Financial Services and the State Bank of India (SBI), is set to become a wholly-owned subsidiary of the Mukesh Ambani-promoted financial services company. On Tuesday, the...
