Saudi Arabia’s sovereign wealth fund PIF plans to raise 3.86 billion riyals ($1.03 billion) from a 2% stake sale in telecoms operator STC, after state television Ekhbariya said on Thursday the offering price was...
Bain Capital goes for gold: in talks with Manappuram to buy controlling stake
Bain Capital is in talks to acquire a controlling stake in Manappuram Finance, betting on the country’s gold loan sector, said people with knowledge of the matter. This comes as the founding family of the Kerala-based...
Hinduja Group needs DPIIT nod, too, for Reliance Capital buy
Anil Ambani-promoted Reliance Capital’s winning bidder Hinduja Group received central bank approval to acquire the financial services company, but the transaction cannot proceed until it is approved by the DPIIT...
Bandhan Financial Services acquires global IT company Genisys
Bandhan Financial Services Ltd (BFSL), the promoter of Bandhan Bank, has acquired global information technology and business process services provider Genisys group of companies, which has its origin in London. This...
Centrum to sell stakes in housing finance arm by March
The Centrum Group is likely to finalise the sale of its housing finance subsidiary by the end of this fiscal, with the odds evenly distributed between the possibility of a 100% sale and part monetisation. The group is...
Warbug Pincus to pare stake in Home First before acquiring Shriram Housing
The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance...
BlackRock in talks to buy private credit firm HPS, Bloomberg News reports
Asset management giant BlackRock has emerged as the sole bidder in talks to acquire private credit firm HPS Investment Partners, Bloomberg News reported on Tuesday, citing people with knowledge of the discussions. The...
Slice completes merger with North East Small Finance Bank
Bengaluru-based fintech startup Slice on Monday said it had completed its merger with North East Small Finance Bank (NESFB) with effect from October 27 after receiving all requisite shareholder and regulatory approvals...
New York probing legality of Capital One-Discover merger
New York Attorney General Letitia James is investigating whether Capital One’s proposed $35.3 billion takeover of Discover Financial Services violates the state’s antitrust law. James asked a state judge in...
Weaver Services acquires Capital India Home Loans for ₹267 crore
Weaver Services Private Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, on Wednesday announced the acquisition of Delhi-based Capital India Home Loans Pvt Ltd (CIHL) for ₹267 crore...
CCI clears JM Financial’s 43 pc stake buy in JM Fin Credit Solutions
Fair trade regulator CCI on Tuesday cleared JM Financial’s proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically...
Australia’s Westpac to sell auto finance loan book to Resimac Group
Westpac Banking Corp said on Thursday it would sell its auto finance loans book to non-bank lender Resimac Group for an expected value of A$1.4 billion ($963.62 million) to A$1.6 billion at completion. Westpac...
