Shares of 5paisa Capital and IIFL Securities zoomed up to 8% in Wednesday’s trade after the former announced the acquisition of the latter’s online broking business. 5paisa Capital, a discount broking unit...
Promoter abrdn Investment to sell entire 10.2% stake in HDFC AMC
UK-headquartered investment firm and promoter abrdn Investment Management is planning to sell its entire 10.21% stake in HDFC Asset Management Company, the global firm said in a statement. Consequent to the stake sale...
NCLT rejects claims of foul play in insolvency of Radius Estates
National Company Law Tribunal (NCLT) has rejected claims of foul play in the resolution process of Mumbai realtor Radius Estates for which Adani group company, Adani Good Homes, has emerged as the successful bidder, as...
Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore
Softbank sold 5.1% stake worth Rs 1,043 crore of PB Fintech, the parent of Policybazaar, through an open market transaction. SVF India Holdings (Cayman) offloaded 2,28,42,424 shares, amounting to 5.08% stake in the...
Centrum Housing to acquire National Trust Housing biz in a cash deal
Centrum Housing Finance, an affordable housing finance subsidiary of the Centrum Group, is in an advanced stage of discussions to buy out the business of South India-based National Trust Housing Finance (Natrust). The...
TPG Capital, other PEs eye 26% in BoB credit card arm
Private equity groups including TPG Capital, Warburg Pincus, Westbridge Capital and domestic fund Gaja Capital are in early stages of talks to acquire about 26% stake in BoB Financial Solutions, the credit card arm of...
Oaktree, Hinduja, Cosmea, Torrent among 9 bidders for Reliance Capital
Nine entities, including US private equity major Oaktree Capital, Torrent group, Hinduja group, and a consortium of Piramal group and Cosmea Financial Holdings have submitted final bids for the whole of Reliance Capital...
L&T Finance Holdings completes the divestment of its mutual fund business
L&T Finance Holdings Limited, one of India’s leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited. It...
PhonePe set to acquire fintech start-up ZestMoney for about $300 mn
Digital payments firm PhonePe is set to acquire fintech start-up ZestMoney for $200-300 million, according to sources. The acquisition would help Walmart-owned PhonePe to strengthen its lending services and compete with...
L&T Finance Holdings completes sale of L&T AMC for Rs 3,484 crore
L&T Finance Holdings completed the sale of L&T AMC to HSBC Asset Management, according to a regulatory filing. “…With respect to the proposed sale of 100 per cent of the paid-up share capital of...
HSBC Asset Management Company completes acquisition of L&T Mutual Fund
HSBC Asset Management Company (AMC) has completed the acquisition of L&T Investment Management. In a filing with exchanges, L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds...
Japan’s Mitsubishi UFJ to buy two Asia units of Home Credit for $596 mln
Japan’s Mitsubishi UFJ Financial Group Inc said it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 596 million euros ($621 million). The deal comes...
