Walmart-owned digital payments platform PhonePe said it raised an additional $100 million in primary capital from Tiger Global, Ribbit Capital and TVS Capital Funds on Tuesday at a pre-money valuation of $12 billion...
China’s Alibaba Group sells its entire remaining 3.4% stake in Paytm
China’s Alibaba Group has fully exited Indian digital payments firm Paytm, news agency ANI reported on Friday. Alibaba had a 3.4 per stake, or 2.1 crore shares, in Paytm’s parent company One97...
NCLAT issues notice to Torrent Investment in RCap case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notice to Torrent Investments in a matter pertaining to a plea filed by the secured lenders of Reliance Capital seeking a second round of financial...
NCLT favours Torrent, rules against second auction for Reliance Capital
The bankruptcy court ordered in favour of Torrent Investments in its plea challenging lenders’ decision to hold a second auction for the sale of Reliance Capital and a late improved offer from the Hinduja Group after...
LegalPay acquires strategic stake in Gujarat-based NBFC Padmalaya Finserve
Third-party litigation funding startup LegalPay has acquired a strategic minority stake in the Gujarat-based non-banking finance company (NBFC) Padmalaya Finserve. The NBFC plans to disburse about Rs 1,000 crore in...
Mukesh Ambani eyeing Thrive Capital stake
A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner. India’s Mukesh Ambani, Brazil’s Jorge Paulo Lemann and France’s Xavier...
NCLT reserves order on Torrent plea to halt fresh auction for RCap
The National Company Law Tribunal (NCLT) on Monday reserved its order on fresh auction for the Anil Ambani-promoted Reliance Capital, directing lenders to maintain status quo till the final order is passed by the...
Crypto lending unit of Genesis files for US bankruptcy
The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion, after being toppled by a market rout along with the likes of exchange FTX and lender...
NCLT delays fresh auction for Reliance Capital
The National Company Law Tribunal (NCLT) asked the lenders to delay the second auction for Reliance Capital, which was scheduled for Thursday, till January 23 as it could not complete hearing arguments from both sides...
Torrent Investment asks NCLT to quash fresh CoC’s fresh auction round for Reliance Capital
Torrent Investment urged the National Company Law Tribunal (NCLT) to quash the lenders’ plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Darius Khambata, representing...
Private equity major Apax Partners offloads 2.14% in Shriram Finance
Private equity major Apax Partners on Friday offloaded 2.14 per cent stake in non-bank lender Shriram Finance via block deals. Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at...
Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore
Private equity firm Apax Partner is planning to sell its entire stake in Shriram Finance via block deals. The transaction would be worth Rs 2,250 crore taking into account the stock movement today. There are three key...
