Indian shadow lender Shriram Finance is looking to pare as much as 15% stake in its housing finance arm at a valuation of 10 billion rupees ($121.35 million), two senior sources with direct knowledge of the matter told...
Bessemer India Capital sells 7.75% stake in Home First Finance for Rs 467cr
Bessemer India Capital Holdings II on Thursday divested 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction. Fidelity Funds – Asian...
Cholamandalam Investment, Aptus deny talks for merger after media reports
Cholamandalam Investment and Finance Company (Chola) of the Murugappa group said on Thursday it has no plans to acquire a stake in Aptus Value Housing Finance India. “We wish to clarify that Chola has not expressed any...
Baring PE Asia looks to pick up stake in Shriram Housing Finance
BPEA EQT, formerly Baring PE Asia, is in advanced negotiations to buy into Shriram Housing Finance Ltd (SHFL), a mortgage subsidiary of Shriram Finance, people familiar with the matter said. Shriram Housing Finance had...
Supreme Court asks Authum Investments and Infrastructure to implement resolution plan for Reliance Home Finance
In a big relief to Authum Investments and Infrastructure, the Supreme Court on Friday asked the company to implement its ₹2,887-crore resolution plan for the takeover of Anil Ambani’s Reliance Home Finance by...
NCLAT clears decks for RCap’s second auction
The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed a plea by the committee of creditors (CoC) of Reliance Capital Ltd to hold a second auction of the bankrupt lender. Vistra ITCL, one of the secured...
Cashfree Payments acquires Zecpe in latest acquisition
Cashfree Payments has acquired one-click checkout company Zecpe, its second buyout after it picked up a majority stake in UAE-based payment solution provider Telr in 2021 for $15 million. The latest acquisition is...
NCLT exceeds brief in RCap insolvency: Vistra ITCL
Vistra ITCL, Reliance Capital’s secured lender, has submitted to the National Company Law Appellate Tribunal (NCLAT) that the NCLT has acted beyond its jurisdiction at a stage where even signed plans have not been...
SoftBank, Ant discuss Paytm stake sale – ET
China’s Ant Group and Japan’s SoftBank Group Corp are likely to offload their stakes in Indian digital payments firm Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic...
Telecom tycoon Sunil Mittal is seeking a stake in Paytm
Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant’s payments bank, according to people with knowledge of the matter. Mittal seeks to...
Jack Ma-backed Ant group plans to pare stake in Paytm
Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter. The...
Mufin Green Finance raises $7 million green bond from Symbiotics Investments
Electric Vehicle financing NBFC Mufin Green Finance (Mufin) has recently raised $7 million (INR 58.1 crore) green bond from Symbiotics Investments. The bond forms part of the $75 million green basket bond program...
