Bajaj Finance on Tuesday, October 17 announced that it had acquired up to 26 per cent equity stake in Pennant Technologies Private Limited for about ₹267.50 crore. Pennant is a technology product company, engaged in...
SoftBank offloads 2.5% stake in PB Fintech
Japanese tech investor SoftBank on Friday offloaded an additional 2.54% stake or 11.4 million shares in Policybazaar’s parent entity PB Fintech Ltd through a bulk deal. The shares were sold at ₹762.8 apiece. Prior to...
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and...
Torrent approaches the SC to expedite a hearing on its appeal in Reliance Capital’s insolvency resolution
Veteran lawyer Shardul Shroff has approached the Supreme Court on behalf of Torrent Investments to speed up the hearing on the company’s application to stay the second challenge mechanism in a corporate insolvency...
NCLAT stays bankruptcy proceedings against Ind-Swift
The National Company Law Appellate Tribunal (NCLAT) granted a stay on initiating bankruptcy proceedings against Ind-Swift Ltd, an affiliate company of Ind-Swift Laboratories, which is selling a part of its pharma...
Reliance Capital insolvency: NCLT rejects Torrents’s plea, to hear Hinduja’s resolution plan approval on September 26
The National Company Law Tribunal (NCLT) will hear on September 26 the resolution plan for debt-ridden Reliance Capital submitted by Hinduja Group firm Indusind International Holdings Ltd (IIHL) as Torrent...
IL&FS to sell custody & depository unit
The IL&FS board has put the group’s custody and depository business, IL&FS Securities Services (ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity...
Bain sells a 2.82% stake in L&T Fin
L &T Finance Holdings Ltd shares ended the day 3% down at ₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake or 70 million shares in the company for ₹910 crore through a block deal. The shares...
Razorpay acquires digital invoicing, customer engagement startup BillMe
Fintech platform Razorpay, announced the acquisition of BillMe, a Mumbai-based digital invoicing and customer engagement startup, marking the company’s eighth acquisition after it acquired Ezetap last year. With this...
StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 bln
Standard Chartered said it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to streamline its operations. AviLease will pay an initial...
Reliance Capital sells 45% stake in home finance arm for Rs 54 crore
Reliance Capital sold a 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore in the open market, a move that will improve recovery for lenders. Reliance Capital, an erstwhile Anil Ambani’s finance...
SC refuses to restrain NCLT’s insolvency proceedings in Reliance Capital case
The Supreme Court on Friday refused to restrain the National Company Law Tribunal from deciding the insolvency resolution process of Reliance Capital. The committee of creditors of debt-ridden Reliance Capital had in...
