Kunal Shah-led fintech unicorn Cred is raising $140 million in a Series F round led by GIC and existing investors, the company said in a statement on Friday. The latest fundraise, which includes a primary and a...
PB Fintech tanks 10% on likely stake sale by CEO
Shares of PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, tanked as much as 10 per cent in early trade on Tuesday after a reported bulk deal in the counter. According to a regulatory filing, Yashish...
NCLAT stays insolvency proceedings against RHC Holding
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against RHC Holding, an entity promoted by former promoters of erstwhile Ranbaxy and Fortis Healthcare. RHC Holding is promoted...
EY considering spinoff of audit operations in big shake-up: Report
Ernst & Young (EY) is considering a split of its audit and advisory operations worldwide, Financial Times reported, citing people with familiar knowledge of the plans of the Big Four accounting firm. A spinoff, if...
Muthoot Finance to raise ₹300 crores via secured redeemable NCDs
Muthoot Finance Ltd. Tuesday said it will raise ₹300 crore via secured redeemable non-convertible debentures (NCDs) of face value ₹1,000 each. The issue will have a base issue size of ₹75 crore with an option to retain...
Pushpay shares surge after NZ-based payments group confirms takeover talks
Shares of Pushpay Holdings Ltd surged after the New Zealand-based payments group confirmed that it was in early talks with multiple parties over a potential acquisition. Pushpay said it received multiple approaches last...
Walmart buys way into India wealth management to take on Amazon
Walmart Inc.’s Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million bringing the retail giant head-to-head with Amazon.com Inc. in the country’s rapidly...
Voya plans to buy majority of Allianz’s U.S. asset management business
U.S. insurance plan provider Voya Financial Inc said its investment management unit would take over “a substantial majority” of Germany-based Allianz’s asset management business in the United States...
Paytm’s Acquisition Of General Insurer Raheja Qbe Terminated As It Overshoots The Deadline
One97 Communications Ltd., which owns digital payments firm Paytm, said its share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Ltd. has been terminated as its transaction could not be...
Jack Ma Exits Paytm Mall; Sells 43% For ₹42 Crore
Five years after making its biggest bet in India’s e-commerce market, Jack Ma-led Alibaba and Ant Financials have exited Paytm E-commerce Pvt. Ltd, the parent entity of Paytm Mall. Paytm E-commerce bought back the...
Vivriti Capital Raises Additional $30 Mn From Tvs Capital
Non-bank lender Vivriti Capital Pvt. Ltd has raised an additional $30 million (around ₹228 crore) from TVS Shriram Growth Fund 3 as part of its Series C round. The Chennai-based company had raised $55 million in the...
IPO plan okayed, TVS Supply Chain Solutions may go in for acquisitions
TVS Supply Chain Solutions, a part of TVS Mobility Group, has obtained Sebi’s approval to raise funds through initial share sales. It will be the first TVS Group entity to go public in more than two decades and a...
