French financial services major BNP Paribas has sold its local retail broking unit Sharekhan to South Korea’s Mirae Asset Financial Group for ₹3,000 crore, said two people close to the development. “The deal...
Codorus Valley to merge with Orrstown Financial in all-stock deal
Financial services firm Codorus Valley will merge with Orrstown Financial in an all-stock deal, creating a bank with $5.2 billion in assets. The banks said on Tuesday their boards had unanimously approved the $207...
NARCL finalises acquisition of two SREI companies
The National Asset Reconstruction Company (NARCL) has finalised the acquisition of the two SREI companies – SREI Equipment Finance and SREI Infrastructure Finance — under the Insolvency and Bankruptcy Code (IBC)...
Stone Point, General Atlantic propose to buy remaining stake in HireRight
Stone Point Capital and General Atlantic proposed to buy the shares the investment firms do not already own in employee-screening company HireRight Holdings, according to a regulatory filing on Friday. The proposed...
KPMG plans merger of UK and Swiss businesses – FT
Accounting firm KPMG is planning to merge its UK and Swiss businesses in an effort to boost growth and profit at the company, the Financial Times reported on Wednesday. Partners at KPMG’s operations in the two...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
Svatantra Microfin completes acquisition of Chaitanya India Fin Credit
Ananya Birla-led Svatantra Microfin has on Friday completed the acquisition of Sachin Bansal’s Navi Group’s subsidiary Chaitanya India Fin Credit. “It’s official!! This is the moment we formally...
Advent to buy UK payments firm myPOS valued at over $500 million
Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group’s latest push into digital payments, director Fabio Cali told Reuters. The fund will acquire the UK-based...
Adhesive maker Pidilite to enter lending business, to acquire promoter group’s NBFC firm
Adhesive and construction chemicals manufacturer Pidilite Industries plans to enter the lending business, providing small-value retail loans. To facilitate this, Pidilite Industries would acquire an existing NBFC...
Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore
Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday. The bank had announced to acquire 100% stake of the Non...
Govt to sell up to 7% stake in HUDCO through an offer for sale this week
The Indian government will sell up to a 7% stake in state-run housing finance company, Housing and Urban Development Corp., through an offer for sale this week, according to a filing with the stock exchange. The plan...
Vanguard sells stake in joint venture with China’s Ant
U.S. mutual fund issuer Vanguard Group said on Tuesday it had sold its stake in a joint venture with Chinese fintech giant Ant Group, hastening its retreat from the world’s second-biggest economy. Vanguard’s...
