Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resources and greater economies of scale, following approval by the National...
SoftBank arm SVF India pares 2.17% stake in One 97 Communications
SoftBank arm SVF India Holdings has trimmed its holding in One 97 Communications by 2.17 per cent through the sale of 13.7 million shares in the open market over the past almost one month, according to a statutory...
Fiserv, Amadeus vie to acquire Shift4 Payments, sources say
Fiserv and Amadeus IT Group are competing to acquire Shift4 Payments, a payments processor that has a market value of nearly $7 billion, according to people familiar with the matter. Fiserv and Amadeus are the two main...
NCLT approves Hinduja’s acquisition of bankrupt Reliance Capital
The National Company Law Tribunal (NCLT) on Tuesday approved the ₹9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a...
NCLT set to pronounce ruling on Hinduja group’s resolution plan for Reliance Capital
The bankruptcy court in Mumbai is likely to pronounce its ruling on Tuesday in an application filed by the administrator of Reliance Capital Ltd to approve the company’s acquisition by IndusInd International Holdings...
Capital One to buy Discover Financial in $35.3 bln all-stock deal
Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the...
Global Payments nears deal for Britain’s Takepayments, sources say
Global Payments is closing in on a deal to acquire Britain’s Takepayments, expanding its business abroad that provides payment processing to retailers, two sources close to the matter told Reuters. The transaction...
Paytm E-commerce renamed as Pai Platforms, acquires ONDC seller firm Bitsila
Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business. According to sources aware of the development, the company had...
SoftBank sells majority stake in Paytm before regulatory scrutiny causes stock dive
SoftBank Group Corp. sold a majority of its stake in Paytm before regulatory scrutiny caused the once-celebrated Indian fintech firm’s shares to dive, according to the Vision Fund’s executive managing partner, as per a...
Thermax to acquire TSA Process Equipments
Thermax Ltd on Tuesday said it has signed an agreement with TSA Process Equipments to acquire 100 per cent stake in the company in multiple tranches. The company also announced the acquisition of 51 per cent of the...
Cred acquires Kuvera, enters wealth-management space
Fintech unicorn Cred said it will acquire online wealth-management platform Kuvera in a cash-and deal to enter the wealth-management space. The size of the deal was not disclosed. “Kuvera is extremely popular...
Paytm denies speculations on Jio Financial’s acquisition of Paytm Wallet
In response to recent speculations surrounding the potential acquisition of Paytm Wallet by Jio Financial, Paytm has refuted these claims. The company, in an official release, stated that the news item suggesting such...