Credit Suisse Group AG said it plans to sell a 8.6% stake in Allfunds Group via an accelerated book building offering, according to an emailed statement on Thursday. The 53.9 million Allfunds shares will be offered to...
Payments tech firm Super Apps to list in U.S. via $1.1 bln SPAC deal
Super Apps Holdings will go public in the United States through a merger with a special purpose acquisition company in a deal that values the Malaysian payments technology firm at $1.1 billion, the companies said on...
Reliance Capital resolution plan: NCLT extends deadline for the third time
The deadline for submission of resolution plan for debt-ridden Reliance Capital has been extended for the third time by the National Company Law Tribunal (NCLT). The new deadline is 31 January. The earlier deadline was...
KKR in talks to invest in fintech firm Razorpay
Private equity firm KKR is in talks to invest in fintech startup Razorpay and will likely buy out some of its existing early-stage investors in a secondary transaction. The buyout fund is also likely to invest in the...
Authum Investment acquires Reliance Commercial Finance for Rs 1 crore
Authum Investment and Infrastructure on Friday acquired debt-ridden Reliance Commercial Finance Limited (RCFL) for Rs 1 crore. “This is to inform that the company has sold its holding in wholly-owned subsidiary...
Sebi gives go-ahead to HSBC AMC’s acquisition of L&T Investment Managers
The Securities and Exchange Board of India (Sebi) has given its go-ahead to HSBC AMC’s acquisition of L&T Investment Managers. The $425-million deal was first announced in December 2021 and received the...
Warburg Pincus to acquire micro-enterprise lender Vistaar Finance
Private equity major Warburg Pincus will acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India, the PE fund said. Existing shareholders would include WestBridge Capital, Elevar Equity, Omidyar...
Inditrade Microfin may merge with Janakalyan Finance
Inditrade Microfinance, an arm of the listed Inditrade Capital, is looking to strike a merger with Kolkata-based micro lender Janakalyan Financial Services in a share-swap deal. Inditrade Microfinance’s board is...
Naspers-owned Prosus calls off India’s largest fintech M&A deal
The biggest M&A (merger & acquisition) deal in the Indian fintech space has been called off. Naspers-owned Prosus has terminated the $4.7-billion deal to acquire India’s leading payments aggregator BillDesk. The...
EQT to take payments firm Billtrust private in $1.7 bln deal
Private equity firm EQT on Wednesday agreed to take the owner of business payments firm Billtrust private through a $1.7 billion all-cash deal. Shareholders of BTRS Holdings Inc will receive $9.50 for each share...
Will continue to make small acquisitions: Harshil Mathur
Fintech unicorn Razorpay ventured into the offline market with its acquisition of Ezetap last month for $200 million, its biggest so far. In December last year, the company became the most valuable fintech startup in...
Avanse raises Rs 390 crore from Warburg Pincus & IFC
Avanse Financial Services, an education-focused non-bank lender raised about Rs 390 crores from its existing shareholders, Warburg Pincus and International Finance Corporation (IFC). The investment was done through a...
