The companies appeal court on Monday upheld the delisting of ICICI Securities Ltd from the stock exchanges, rejecting challenges by shareholders Quantum Mutual Fund and an individual investor. “All appeals dismissed,”...
Jio Financial buys out SBI’s stake in payments bank JV
Jio Payments Bank, a joint venture between Jio Financial Services and the State Bank of India (SBI), is set to become a wholly-owned subsidiary of the Mukesh Ambani-promoted financial services company. On Tuesday, the...
US payments firm Cantaloupe exploring options including sale, sources say
Cantaloupe is exploring strategic options, including a potential sale or a go-private transaction, four people familiar with the matter said, the latest specialized U.S. payments processor to consider such a move...
Blackstone-backed PAG mulls sale of $1.2 bn stake in Nuvama
Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-listed Nuvama Wealth Management Ltd., according to people familiar with the matter. Blackstone Inc.-backed PAG...
Flipkart-backed super.money acquires checkout financing platform BharatX
Flipkart-backed fintech firm Super.money on Tuesday acquired checkout financing platform BharatX in an all-cash deal as the company continues to launch new payment and credit offerings since its launch last year. The...
Centre kickstarts process for stake sale in PSBs and listed PFIs
As part of the long-promised financial sector reforms, the government on Monday kickstarted the process of diluting its equity in select public-sector banks (PSBs) and listed public financial institutions (PFIs) by...
Bain Capital closes in on likely $1 billion Manappuram Finance deal
Bain Capital is finalising a deal with the promoters of Manappuram Finance to buy a controlling stake in the Kerala-based gold loan provider and non-bank lender, people aware of the development said. The Reserve Bank of...
MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore
Fintech firm MobiKwik on Friday announced it will acquire a 3.39 per cent stake in business-to-business (B2B) banking infrastructure platform Blostem for ₹1.49 crore. The aggregate shareholding of the Gurugram-based...
NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
The Delhi insolvency court on Thursday admitted Aviom India Housing Finance Pvt. Ltd into bankruptcy and liquidation proceedings following a plea by the Reserve Bank of India (RBI). RBI had moved the National Company...
Competition Commission clears merger of two entities into Svatantra Microfin
The Competition Commission of India on Tuesday cleared a proposed combination involving the merger of Chaitanya India Fin Credit and Svatantra Holdings into Ananya Birla-led Svatantra Microfin. “The proposed...
Payments processor Shift4 to buy Global Blue in $2.5 billion deal
Payments processor Shift4 has agreed to buy travel and retail-focused financial technology platform Global Blue in a deal valued at $2.5 billion, the companies said on Tuesday. The acquisition will give Shift4 access to...
NCLT directs Hinduja Group to complete Reliance Capital acquisition by February 25
The Mumbai bench of the National Company Law Tribunal (NCLT) Monday heard IndusInd International Holdings Limited’s (IIHL) plea regarding the impasse in the Anil Ambani-promoted Reliance Capital resolution. The tribunal...
