Mizuho Financial Group is finalising terms to acquire KKR-backed Avendus Capital at a Rs 5,900-crore valuation, almost six months after it had first agreed to buy the home-grown investment bank, said people in the know...
NCLT’s valuation flags cloud IL&FS HQ sale
The sale of IL&FS’s headquarters in Mumbai’s Bandra Kurla Complex is likely to face delays after the bankruptcy tribunal raised concerns over the use of outdated property valuations, potentially forcing...
UK’s Aberdeen to acquire $2 billion of US closed-end assets
British money manager Aberdeen said on Friday it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S...
Mexico Nears Approval of Billionaire’s Bid for Banamex Stake
Mexican financial authorities are close to approving an offer by billionaire Fernando Chico Pardo to buy a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way to list the business as soon...
CCI approves acquisition of controlling stake in Sammaan Capital by Avenir Investment RSC
Sammaan Capital announced that the Competition Commission of India has approved the proposed acquisition of a controlling stake in the company by Avenir Investment RSC (Investor), which is owned and controlled by...
Abu Dhabi’s IHC gets CCI nod to acquire stake in Sammaan Capital
Fair trade regulator CCI on Tuesday cleared Abu Dhabi-based International Holding Company’s proposal to acquire stakes in Sammaan Capital. International Holding Company (IHC), through its affiliate Avenir...
Piramal Finance clarifies after reports suggest talks with Keertana Finserv
Piramal Finance Ltd has issued a formal clarification to the stock exchanges after reports suggested that the non-bank lender was in talks to acquire Keertana Finserv as part of its planned entry into the gold loan...
Macquarie leads race for stake in Maple Infrastructure Trust
Global infrastructure investor Macquarie Asset Management has emerged as the frontrunner for acquiring a significant minority stake in Maple Infrastructure Trust, the India-focused road InvIT sponsored by Canadian...
Schroders explores options, including sale, for financial planning unit Benchmark Capital, sources say
British money manager Schroders is exploring options, including a potential sale, for its financial planning unit Benchmark Capital, two people familiar with the matter told Reuters, part of a wider shift away from...
Hong Kong firm to acquire 25% stake in Pro Fin Capital Services
Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share. The Board of Directors of Pro Fin Capital Services, a company engaged in...
Naver’s payment arm to acquire South Korean crypto exchange operator in $10 bln deal
Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of the country’s largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won...
CCI clears ICICI Prudential AMC’s proposal to acquire certain biz units of ICICI Venture Fund
Fair trade regulator CCI on Tuesday cleared the proposal of ICICI Prudential Asset Management Company to acquire certain businesses from ICICI Venture Funds Management Company. “The proposed combination involves...
