Hinduja Group-owned NxtDigital rallied as much as 6 per cent during the early trade on Wednesday after the company board approved the merger of Hinduja Leyland Finance (HLFL) with itself. The board approved the merger...
IndoStar Capital considers selling stake in housing finance unit
IndoStar Capital Finance is considering selling part of its stake in a home loan subsidiary for raising resources to address concerns over the private equity-backed company’s ability to continue as a going concern. The...
Razorpay to pick up stake in Ezetap
Tiger Global-backed fintech unicorn Razorpay has agreed to buy a controlling stake in payment solutions startup Ezetap Mobile Solutions for $126 million ( ₹1,000 crore) in a cash-and-stock deal, two individuals familiar...
Costa Rica eyes raising $2.7 bln via sale of state financial assets
Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance...
Mike Novogratz’s Galaxy Digital terminates $1.2-bn acquisition of BitGo
Financial services and investment management firm Galaxy Digital on Monday announced it has terminated the $1.2 billion acquisition of digital asset trust company BitGo as it failed to provide audited financial...
Warburg to unlock $250-300 million by diluting its stake in Avanse
Three years after acquiring Avanse Financial Services, the education financing arm of Wadhawan Global Capital and its group company Dewan Housing Finance Ltd (DHFL), private equity fund Warburg Pincus plans to unlock...
PwC India completes acquisition of Salesforce consulting firm Venerate
PwC India has announced it has completed the acquisition of Venerate Solutions Private Limited, a Salesforce consulting firm. Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the...
Fintech firm Twid raises $12 mn to expand reward points-based service
Twid, a reward point-based payment solutions start-up, said on Wednesday it has raised $12 million in a funding round led by Rakuten Capital. The Series A round saw participation from Google, ICMG Partners, JAFCO Asia...
Britain’s M&G to buy financial advice firm Continuum
British asset manager and insurer M&G said it would acquire financial advice provider Continuum, as it looks to beef up its wealth business that provides insights, tools, and data to finance professionals. M&G...
CCI clears Rs 4,500 crore deal between Bandhan Fin Holdings-led consortium, IDFC
The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,500 crore deal wherein the Bandhan Financial Holdings-led consortium will buy stakes in IDFC Asset Management and IDFC AMC Trustee. The...
Reliance Capital bidders seek extension of deadline to submit resolution plan
The deadline for submission of resolution plan for debt-ridden Reliance Capital may be extended further as bidders have sought more time to complete the due diligence process, sources said. Few bidders, including...
Debt issues delay Ernst & Young split plan
Ernst & Young’s effort to split its audit and consulting businesses has been slowed by a change in its U.S. leadership, as well as complications over its multibillion-dollar debts, according to people familiar with...
