Investors and promoters of IKF Finance are looking to sell a controlling stake in the Hyderabad-based non-bank lender in a deal that could value it at $200-250 million, said three people with knowledge of the...
LSEG looking to sell £500 million stake in Euroclear, Sky News reports
The London Stock Exchange’s owner is looking to offload its stake in Belgium-based financial services company Euroclear, in a deal that could generate proceeds of about 500 million pounds ($669.50 million), Sky...
India’s IndoStar Capital jumps on $209 mln deal to sell home finance unit to EQT
Shares of IndoStar Capital Finance climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 million deal to sell its home finance unit to private equity firm EQT. The deal...
RBI approves Aditya Birla Capital’s merger with AB Finance; stock up 6%
Aditya Birla Capital shares soared 5.7 per cent and logged an intraday high of Rs 240 per share. The buying interest in the stock came after the Reserve Bank of India (RBI) gave its nod for the merger of Aditya Birla...
Naspers gets CCI’s clearance to buy minority stake in Vastu Housing Finance Corp
Fair trade regulator CCI on Tuesday cleared South Africa-based Naspers’ proposal to acquire a minority stake in Vastu Housing Finance Corporation Ltd. Naspers Ventures BV is an indirect and wholly-owned subsidiary...
Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture
The NCLAT on Friday issued a notice to IndusInd International Holdings Ltd (IIHL) over a plea filed by lenders of Reliance Capital (RCap) seeking interest on payment for the extended period for the upfront payment by...
Barclays struggling to sell stake in UK payments business, sources say
Barclays is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matter told Reuters, complicating the bank’s...
Satin Creditcare Network to raise $5 million in bonds with 11.32% all-inclusive cost
Microfinance company Satin Creditcare Network said that it will raise $5 million in bonds at an all-inclusive cost of 11.32 percent. The bonds are proposed to be issued on September 25 and will mature after 36 months...
CCI approves Tata Motors Finance merger with Tata Capital
The Competition Comission of India on Tuesday announced that it had approved the merger of Tata Motor Finance with Tata Capital. The merger, announced in June, will see Tata Capital issue its equity shares to the...
UK payments firm Pockit in talks to buy Monese consumer arm, sources say
British payments technology company Pockit is in talks to take control of UK challenger bank Monese’s consumer arm, two people familiar with the matter told Reuters. Under the proposed deal Pockit will buy Monese for a...
UK payments firm Pockit in talks to buy Monese consumer arm, sources say
British payments technology company Pockit is in talks to take control of UK challenger bank Monese’s consumer arm, two people familiar with the matter told Reuters. Under the proposed deal Pockit will buy Monese for a...
Merger of NBFCs: Caspian Debt to merge with BlackSoil Capital
Two of India’s Non-banking Financial Companies (NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, on Thursday announced that they have...
