Payment solutions provider Hitachi Payment Services said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management...
Bain Capital to acquire 90% stake in Adani Capital, Adani Housing
Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. Under the deal, Bain will buy out all of the Adani family’s private...
Bain frontrunner to buy Adani Capital for Rs 1500 crore
Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business...
Administrator files Hinduja’s resolution plan for Reliance Capital at NCLT
The administrator of Reliance Capital has filed the resolution plan given by the Hinduja group entity IndusInd International Holding, approved by lenders, with the National Company Law Tribunal, said people aware of the...
NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
The National Company Law Tribunal (NCLT) dismissed a plea to initiate insolvency proceedings against Religare Enterprises Ltd observing that it was a financial service provider and does not come under the ambit of the...
L&T Finance may sell its wholesale book to banks, NBFCs: Report
L&T Finance Holdings is looking to sell its wholesale loan book to interested banks, non-banking finance companies (NBFC) and funds, according to media report. L&T Finance is aiming to become a 100 percent...
Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for $467 million
Mitsubishi UFJ Financial Group said on Monday it was buying Indonesian auto loan provider Mandala Multifinance for 7 trillion rupiah ($467 million) to deepen its Asian presence and tap consumption growth in emerging...
BPEA EQT set to acquire majority stake in HDFC Credila for ₹9,060 cr
BPEA EQT group (formerly Baring Private Equity Asia), in partnership with ChrysCapital, has received approval to acquire around 90% stake in HDFC’s wholly-owned education financial subsidiary HDFC Credila...
Abrdn to sell entire 10.2% stake in HDFC AMC
Abrdn Investment Management Limited, part of the promoter group of HDFC AMC will offload its entire stake of 10.2% in HDFC Asset Management Company Limited (HDFC AMC) for minimum of ₹3,920 crore on the exchanges on...
Warburg Pincus acquires over 90% stake in Vistaar Finance
Private equity firm Warburg Pincus has acquired a controlling stake in Vistaar Finance, an NBFC lending to micro, small and medium enterprises in India, the firm said. Warburg Pincus has acquired over 90% stake for $250...
CCI clears merger of Credit Suisse Group with UBS Group
The Competition Commission of India (CCI) said it has cleared the proposed merger of Credit Suisse Group AG with UBS Group AG. “The proposed combination entails UBS’s proposed acquisition of Credit Suisse by...
Shriram Finance yet to decide on stake dilution in housing finance arm, may infuse capital by year-end
Shriram Housing Finance may defer its proposed $100-million share sale to ensure higher valuations while the promoter Shriram Finance is also weighing capital infusion. “We are still debating about how to infuse...
