Global private investment firm JC Flowers & Co will acquire Eight Capital’s entire stake in JC Flowers Asset Reconstruction Company (ARC), at a time when is set to pick up a 20% equity in the ARC, said two...
KKR puts Avendus up for sale
Homegrown financial services group Avendus Capital Pvt. Ltd is up for sale, with private equity firm KKR & Co. planning to exit the company at a valuation of $500-600 million, two people aware of the matter said...
Reliance Cap suitors seek extension of up to 4 months for submission of binding bids
Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension...
Kotak Securities buys investment platform for advisors, MF distributors
Kotak Securities said it is acquiring all the assets of Bengaluru-headquartered start-up FundExpert Fintech, a digital multi-asset wealth management platform for independent financial advisors (IFA) and mutual...
EY decides to split into two firms
Global professional services firm EY said it has decided to move forward with partner votes to separate into two distinct, multi-disciplinary organisations. EY said in a statement that the decision was taken after a...
Ernst & Young leaders expected to approve plan to split accounting company
Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in more than 20 years...
Chennai fintech IppoPay buys risk management startup Tutelar
IppoPay, a Chennai-based payment gateway firm backed by Coinbase Global, Better Capital and Blume Founders Fund, has acquired a risk management startup Tutelar for an undisclosed amount. Tutelar enables AI-based risk...
Anil Ambani’s RCFL resolution plan to go ahead after Supreme Court nod
The Supreme Court has allowed creditors in the Anil Ambani-promoted Reliance Commercial Finance Ltd (RCFL) to go ahead with the resolution plan for the company, clearing implementation of the recovery plan more than a...
Two-wheeler financing firm Bike Bazaar raises ₹170 cr in equity funding
Bike Bazaar, a two-wheeler financing firm, raised ₹170 crore in equity funding on Thursday. The fresh capital is part of its ongoing Series D fundraise, and is secured from a consortium led by Women’s World...
RCap insolvency: Will creditors lose out in the resolution?
Reliance Capital’s resolution has received tepid response as only four firms have made financial bids for the entire company, including its subsidiaries, under the insolvency process. IndusInd, Torrent, Oaktree Capital...
Srei group receives two resolution plans for debt-ridden companies: Report
Two bids have been received for two debt-ridden Srei group companies under the insolvency resolution process and one of the bids is estimated to be worth around Rs 15,000 crore, according to sources. Srei Infrastructure...
Reliance Capital bid deadline ends on Monday amid concerns of investors
The deadline for submission of bids for debt-ridden Reliance Capital Ltd(RCL) ends on Monday amid concerns of investors over the company’s most-valuable arm Reliance General Insurance Company. IDBI Trusteeship...
