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...
CI Financial sells $1 bln minority stake in US wealth management arm
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion ($1.0 billion), the Canadian asset manager said on Thursday, pausing efforts to take...
Baring Asia plans to sell minority stake in Sagility
Within two years of acquiring healthcare business process management company Sagility LLC, Baring Private Equity Asia (BPEA) EQT is weighing offloading a minority stake in it, said multiple people aware of the...
HSBC reaches deal to buy out China fund partner -sources
HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world’s second-largest economy...
BetterPlace acquires fintech lending startup Bueno Finance
Fintech startup Bueno Finance has merged with BetterPlace amid a funding winter, according to a person familiar with the matter. Founded by Saurav Gandhi and Sandeep Arora in 2019, Bueno provides loans to blue-collar...
Blackstone, ADIA are likely bidders for HDFC’s Credila
Sovereign wealth funds, private equity firms, and strategic investors are among 12-14 entities competing for a stake in Housing Development Finance Corp.’s Credila education loan unit, according to two people aware of...
Reliance shareholders and creditors approve demerger of financial services arm
Billionaire Mukesh Ambani-led Reliance Industries Limited’s shareholders, with its secured and unsecured creditors, on May 4 permitted the demerger of the company’s financial services firm – Reliance Strategic...
HDFC receives multiple bids for Credila stake
Housing Development Finance Corp. (HDFC) has received several bids for a stake sale in education loan subsidiary HDFC Credila Financial Services, a senior executive said on Thursday. The mortgage lender needs to pare...
Fintech firm BharatPe acquires controlling stake in NBFC Trillion Loans
Full-stack fintech services provider BharatPe Group announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum...
JM Financial Home Loans exploring merger with IndoStar’s mortgage Unit
JM Financial Home Loans, a part of the JM Financial Group, has begun talks with IndoStar Capital Finance for a potential merger with the latter’s home finance business. “JM Financial has a long-term...
JM Financial, Indostar in talks to merge mortgage businesses
Non-bank lenders JM Financial and Indostar announced that they are in “preliminary discussions” to merge their respective mortgage verticals into a single entity. The entity created with the merging of the...
Reliance Capital resolution process completion deadline extended to July 16
The National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to...
