Global Payments is closing in on a deal to acquire Britain’s Takepayments, expanding its business abroad that provides payment processing to retailers, two sources close to the matter told Reuters. The transaction...
Paytm E-commerce renamed as Pai Platforms, acquires ONDC seller firm Bitsila
Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business. According to sources aware of the development, the company had...
SoftBank sells majority stake in Paytm before regulatory scrutiny causes stock dive
SoftBank Group Corp. sold a majority of its stake in Paytm before regulatory scrutiny caused the once-celebrated Indian fintech firm’s shares to dive, according to the Vision Fund’s executive managing partner, as per a...
Thermax to acquire TSA Process Equipments
Thermax Ltd on Tuesday said it has signed an agreement with TSA Process Equipments to acquire 100 per cent stake in the company in multiple tranches. The company also announced the acquisition of 51 per cent of the...
Cred acquires Kuvera, enters wealth-management space
Fintech unicorn Cred said it will acquire online wealth-management platform Kuvera in a cash-and deal to enter the wealth-management space. The size of the deal was not disclosed. “Kuvera is extremely popular...
Paytm denies speculations on Jio Financial’s acquisition of Paytm Wallet
In response to recent speculations surrounding the potential acquisition of Paytm Wallet by Jio Financial, Paytm has refuted these claims. The company, in an official release, stated that the news item suggesting such...
Piramal Enterprises to sell full 20% stake in Shriram Investment Holdings for Rs 1,440 crore
Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this...
Piramal Enterprises to acquire 10.4% stake in Annapurna Finance for ₹300 crore
Piramal Alternatives Trust (PAT), a wholly-owned subsidiary of Piramal Enterprises, will acquire a 10.4% stake in Annapurna Finance for ₹300 crore. Annapurna Finance is a non-banking financial company, headquartered in...
DMI Group acquires ZestMoney in a fire sale
Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking...
CCI clears amalgamation involving Shriram Group entities
Fair trade regulator CCI cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram...
Encore ARC acquires IndoStar Capital’s distressed loan book of Rs 292 crore
Brookfield and Everstone-backed IndoStar Capital Finance sold Rs 292 crore worth of stressed asset portfolio to Encore Asset Reconstruction Company (ARC) in a deal which involved a senior-junior arrangement between the...
Ant Group close to buying MultiSafepay in about $200 mln deal – sources
Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group’s latest push into Western payment markets, people familiar with the matter told Reuters. The...