Lenders have agreed to extend the deadline to submit bids for the resolution of debt-ridden Reliance Capital Ltd by a month till June 30 after bidders’ cold response so far, sources said. A Committee of Creditors...
Future Group sells 25% stake in FGIICL to partner Generali for Rs 1,266 cr
Debt-ridden Future Group on Thursday said it has completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for Rs 1,266.07 crore as part of its asset...
Merger of two Shriram NBFCs likely to be completed by December
To facilitate a hassle-free merger of Shriram City Union Finance (Shriram City) with Shriram Transport Finance (STFC), the former has started a pilot project to train employees to cross-sell STFC products. The project...
Brazil’s Itau Unibanco buys stake in XP Inc for $1.6 billion
Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 billion). The deal does not change XP’s governance and should not have a relevant...
Brookfield Entity Sagen To Acquire 31% In Imgc
The India Mortgage Guarantee Corporation (IMGC) today announced that Sagen MI Canada has signed a definitive agreement to acquire a stake representing approximately 31% of the Company in a primary funding round. The...
HDFC inks pact to sell 10% equity in HDFC Capital to Abu Dhabi Investment Authority
India’s largest private mortgage lender Housing Development Finance Corporation (HDFC) has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly-owned subsidiary HDFC Capital...
Australia’s AMP confirms in talks to sell investment management unit
Australian wealth manager AMP Ltd confirmed it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital...
Reliance Capital lenders finalise resolution plan paper; nod expected next week
Lenders to debt-ridden Reliance Capital Ltd (RFL) have decided upon the Request for Resolution Plan (RFRP) document and it will be placed before them for final approval next week. The RFRP document sets the guidelines...
ADQ and Chimera Capital set up Abu Dhabi’s first SPAC
Abu Dhabi state holding firm ADQ and investment firm Chimera Capital have set up a blank-check company that will raise 367 million dirhams ($99.93 million) and list in the capital, according to a statement on Tuesday...
Swastika Investmart Acquires The Business Of Safal Capital
Swastika Investmart Ltd has signed an agreement to acquire the business of Safal capital, a 100 years vintage entity of India. This acquisition will enhance the customers base of brokerage company by around 5 per cent...
Vested Finance raises $12 million in series A funding round
US stock investment platform Vested Finance on Tuesday said it has raised $12 million in a Series A funding round led by Ayon Capital. It also saw participation from existing investors, including Tenoneten, Ovo Fund...
BBVA gets regulatory backing for $1.77 bln bid for Turkish lender Garanti
Spain’s BBVA said on Thursday it had secured the regulatory approval needed to launch a voluntary takeover bid for the 50.15% stake it does not already own in its Turkish unit Garanti as it increases its bet on...
