Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking...
CCI clears amalgamation involving Shriram Group entities
Fair trade regulator CCI cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram...
Encore ARC acquires IndoStar Capital’s distressed loan book of Rs 292 crore
Brookfield and Everstone-backed IndoStar Capital Finance sold Rs 292 crore worth of stressed asset portfolio to Encore Asset Reconstruction Company (ARC) in a deal which involved a senior-junior arrangement between the...
Ant Group close to buying MultiSafepay in about $200 mln deal – sources
Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group’s latest push into Western payment markets, people familiar with the matter told Reuters. The...
CCI clears stake acquisition deal in Reliance Capital by IndusInd bank
Fair trade regulator Competition Commission of India said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance...
IL&FS to sell stakes in three road assets as InvIT plan fails
Crisis-hit infrastructure finance firm IL&FS is set to sell its stake in three road projects as part of the resolution process after the company’s new board failed to get approvals to transfer these assets to...
Edelweiss Financial to sell stake in unit for up to $240 million
India’s Edelweiss Financial Services said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93...
Global Payments plans to acquire peer Shift4 – Bloomberg News
Payments technology firm Global Payments is weighing to acquire peer Shift4 Payments, Bloomberg News reported on Thursday. Atlanta, Georgia-based Global Payments has been working with an adviser to study the feasibility...
India’s Tata Capital eyes fashion brand Rare Rabbit at $300 mln valuation – sources
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country’s affluent shoppers, three...
Mirae Asset acquires Sharekhan for ₹3,000 crore
French financial services major BNP Paribas has sold its local retail broking unit Sharekhan to South Korea’s Mirae Asset Financial Group for ₹3,000 crore, said two people close to the development. “The deal...
Codorus Valley to merge with Orrstown Financial in all-stock deal
Financial services firm Codorus Valley will merge with Orrstown Financial in an all-stock deal, creating a bank with $5.2 billion in assets. The banks said on Tuesday their boards had unanimously approved the $207...
NARCL finalises acquisition of two SREI companies
The National Asset Reconstruction Company (NARCL) has finalised the acquisition of the two SREI companies – SREI Equipment Finance and SREI Infrastructure Finance — under the Insolvency and Bankruptcy Code (IBC)...