Private equity firm Bain Capital will acquire a 24.98 per cent equity stake in IIFL Wealth Management from General Atlantic Singapore and FIH Mauritius, which is owned by Indian-Canadian billionaire Prem Watsa’s company...
Italy expects to sell Monte dei Paschi after restructuring
Rome expects to return Monte Dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy’s economy...
Lenders approve IL&FS’ debt recast proposal for CNTL
The lenders have approved IL&FS Group’s proposal to restructure the Rs 5,500 crore debt of its subsidiary Chenani Nashri Tunnelway (CNTL), which offers almost full repayment to them. The move comes after the...
PE biggies, Kotak Bank sounded out for IIFL Wealth stake sale
A group of private equity investors including Carlyle Group, Baring Private Equity Asia and Bain Capital are in early stage talks to buy a controlling stake in India Infoline’s wealth Management business, IIFL...
Vedanta, Jindal Power among investors interested in buying Srei firms
Vedanta Ltd, Jindal Power and half-a-dozen asset reconstruction companies have submitted expressions of interest for participating in the corporate insolvency resolution of the non-bank lenders Srei Infrastructure...
Equitas Holdings, Equitas SFB gain on board approval for merger plan
Shares of Equitas Holdings (EHL) and its subsidiary Equitas Small Finance Bank (ESFBL) gained up to 10 per cent on the BSE in Tuesday’s intra-day trade after their respective boards approved the merger of the two. The...
Japan’s Coincheck to list on Nasdaq via over $1 billion SPAC merger
Japanese cryptocurrency exchange Coincheck Inc said on Tuesday it would go public in the United States by merging with blank-check firm Thunder Bridge Capital Partners IV Inc in a $1.25 billion deal. The deal would...
PhonePe acquires GigIndia, to strengthen enterprise offerings
Digital payments firm PhonePe has acquired GigIndia, a marketplace for gig workers. This is intended to strengthen its offerings to corporate and enterprise partners, the company said in a statement on Monday. According...
Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum
Razorpay, a leading payment and banking platform for businesses has acquired IZealiant Technologies, a leading fintech startup that provides payments technology solutions for banks, for an undisclosed amount. Founded in...
Baroda AMC, BNP Paribas AMC merger takes effect
Baroda Asset Management India and BNP Paribas Asset Management India have merged to form Baroda BNP Paribas Mutual Fund with effect from 14 March. Bank of Baroda, the parent company of Baroda AMC, will hold 50.1% stake...
Hero Electric ties up with L&T Finance for retail finance
Hero Electric on Monday said it has joined hands with L&T Finance to offer consumers easy financing solutions for its entire product portfolio across its 750-plus dealership network. As part of the tie-up, customers...
Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital
Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among the 14 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The...
