Foreign fund house Quinag Acquisition on Thursday offloaded its entire stake in Manappuram Finance for Rs 1,177 crore through an open market transaction. According to the bulk deal data available with the BSE, Quinag...
Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdict
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition against the NCLT order allowing the initiation of insolvency resolution proceedings against Dadheech Infrastructures. While upholding...
RBI rejects Cred bid to boost stake in Newtap Fin
Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar...
Srei twins resolution plan: Authum appeals against NCLT order
Authum Investment & Infrastructure, the losing bidder in the takeover battle for the Srei twins has appealled against the National Compay Law Tribunal (NCLT) order approving the resolution plan of the National Asset...
Fairfax offloads 5.9% stake in IIFL Securities for ₹118 crore
Fairfax Group sold its 5.9% stake in brokerage firm IIFL Securities for ₹118 crore through open market transactions. The stake was sold by Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax...
NCLT approves NARCL’s resolution plan for two Srei group firms
The National Company Law Tribunal’s Kolkata bench has approved National Asset Reconstruction Company Ltd’s resolution plan for two Srei group companies, according to a regulatory filing. NARCL emerged as the...
Reliance ARC files plea against Vidarbha Industries’ debt sale
Anil Ambani-promoted Reliance ARC has submitted a writ petition against the Reserve Bank of India in the Bombay High Court opposing the Swiss challenge method during the debt sale of Vidarbha Industries Power, which has...
Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore
Anil Ambani’s Reliance Capital sold 45.43% (22,03,69,188) equity shares in Reliance Home Finance for ₹54.5 crore in open market, the company said in a stock exchange filing. With this move, the shareholding of the...
CCI clears proposed acquisition of HDFC Credila Financial Services
Anti-trust regulator CCI cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the...
Competition Commission approves Tata Capital merger plan
Fair trade regulator Competition Commission of India (CCI) approved the merger of Tata Cleantech Capital and Tata Capital Financial Services into Tata Capital Ltd. Tata Capital Financial Services (TCFSL) and Tata...
Ananya Birla’s Svatantra buys Sachin Bansal’s Chaitanya for ₹1,479 crore
Almost a year after the Reserve Bank of India rejected Sachin Bansal’s universal banking licence, Flipkart co-founder has sold the microfinance company he acquired in September 2019. Ananya Birla’s Svatantra Microfin...
Antfin Holdings selling 10.3% stake in India’s Paytm for $628 mln
A subsidiary of China’s Ant Financial will sell a 10.3% stake in India’s Paytm, with the company’s founder and CEO intending to boost his holding to simplify the ownership structure of one of...
