China’s Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm worth $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Alibaba, which held a 6...
NCLT rejects Torrent Investments’ plea to halt Reliance Cap CoC’s voting for second auction
The National Company Law Tribunal (NCLT) on Monday rejected a plea by Torrent Investments — one of the bidders for the Anil Ambani-promoted Reliance Capital — that sought to halt the Committee of...
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr
National Asset Reconstruction Company Ltd (NARCL) emerged as the highest bidder in the auction for two finance companies – Srei Infrastructure Finance and Srei Equipment Finance – which began on Tuesday...
SEC objects to Binance.US’s deal to buy Voyager Digital
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’s proposed $1 billion acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed...
NCLT stays Reliance Capital debt resolution process
The National Company Law Tribunal, Mumbai, granted interim relief to Torrent Investments on Tuesday, by directing the administrator of bankrupt Reliance Capital Ltd not to present the revised offer Hinduja group made...
Torrent moves NCLT against Hinduja’s revised offer for Reliance Capital
Torrent Investments has pleaded with the National Company Law Tribunal (NCLT) to direct the administrator of Anil Ambani-promoted Reliance Capital not to accept the revised offer the Hinduja group entity gave a day...
InCred Capital acquires digital investment firm Orowealth in all-cash deal
InCred Capital has acquired Orowealth, a wealth technology startup, in an all-cash deal that enables it to enter retail wealth management. Orowealth, which has more than Rs 1,100 crore worth of assets under management...
Promoter buys stake in Bajaj Finserv for ₹100.41 cr in block deal
Promoter Jamnalal Sons increased its stake in NBFC-giant Bajaj Finserv on Tuesday in a block deal. The promoter purchased equity shares to the tune of ₹100.41 crore in the open market. On the other hand, promoter Rishab...
Malaysia’s Berjaya evaluates potential acquisition in financial services
Malaysian consumer-to-property conglomerate Berjaya Corp is evaluating a “major potential acquisition” involving a licensed entity governed by the Malaysian central bank, it said in a stock filing late...
Japan’s MUFG to invest $200 mln in Indonesian fintech Akulaku
Japan’s Mitsubishi UFJ Financial Group (MUFG) said its banking unit will invest $200 million in Indonesian fintech company Silvrr Technology Co Ltd, known as Akulaku. Backed by China’s Alibaba Group, Akulaku...
Srei promoter Co likely to move SC in insolvency case
Srei Infrastructure Finances promoter company, Adisri Commercial, may challenge the National Company Law Appellate Tribunal (NCLAT)’s 22 December order upholding an NCLT order of October 2021, to initiate insolvency...
Home First Finance raises ₹280 crore from IFC
HomeFirst has raised ₹280 crore from International Finance Corp. (IFC), a member of World Bank Grou,p through the issuance of rupee-denominated, senior secured, rated, unlisted, redeemable non-convertible debentures...
