Digital payments firm PhonePe said it has completed the acquisition of Indus OS after reaching an out-of-court settlement with Affle Global Pte Ltd (AGPL), the majority owner of the India-made content and app discovery...
Piramal, IndusInd, Oaktree and Cosmea mull bid for Reliance Capital
A Piramal group-led consortium, IndusInd International, Oaktree Capital and Cosmea Financial are among resolution applicants actively considering a bid for Reliance Capital as an entire company, said two people aware of...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
Kotak Mahindra Bank acquires DLL India’s agri and healthcare portfolio
Private lender Kotak Mahindra Bank (KMBL) on 8 July announced to have acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India). Over the next...
STFC to merge with its NBFC business
Shriram Transport Finance Company Ltd (STFC) has received approvals from equity shareholders and secured and unsecured creditors for the proposed merger with Shriram City Union Finance (SCUF), it said on Wednesday. As...
Shriram Group well on course for merger of two firms via tech integration
From laying the groundwork for super app ‘Shriram One’ to starting the training process for 50,000 employees, to commencing trial runs for cross-selling of products in 500 branches, Shriram Group is on track for the...
Carlyle to buy minority stake in bathware company Varmora for $100 million
The Carlyle Group has agreed to acquire a significant minority stake in Ahmedabad-based tile and bathware company Varmora Granito, as the US private equity investor expects a brand-cautious Indian consumer to spend big...
Bankman-Fried’s FTX says no talks to acquire Robinhood
Sam Bankman-Fried’s FTX crypto exchange said it is not in talks to acquire Robinhood Markets Inc, after a report on Monday claimed the exchange was exploring such a deal. Bloomberg News reported on Monday FTX was...
Satin Creditcare raises Rs 96 cr by issuing bonds to two investors
Microfinance lender Satin Creditcare Network has raised Rs 96.25 crore by issuing bonds on a private placement basis to two investors. A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of...
Annapurna Finance raises $15mn from Proparco
Annapurna Finance on Friday said it has raised funds worth $15 million from Proparco in Series A2 funding round. Proparco is the private sector financing arm of the French public entity AgenceFrançaise de Développement...
Shriram Group receives RBI nod for merger of financial services business
The Shriram Group has secured RBI approval for the merger of Shriram City Union Finance and Shriram Capital Ltd with Shriram Transport Finance Company in a consolidation set to create the largest retail finance NBFC in...
ADIA to buy 20% in IIFL Home Finance, largest such investment in the space
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will buy a 20% stake in IIFL Home Finance for ₹2,200 crore, valuing the mortgage lender at Rs 11,000 crore. This will be the largest equity investment in...
