In one of the biggest portfolio acquisitions in the microfinance sector, Gawa Capital-backed Pahal Financial Services has acquired a Rs 700-crore loan portfolio from Hyderabad-based Sub-K Impact Solutions along with its...
Brookfield acquires remaining Oaktree stake for $3 billion to boost credit business
Brookfield said on Monday it would buy the remaining 26% stake in U.S.-based asset manager Oaktree Capital Management for about $3 billion, as the investment firm looks to strengthen its credit business. Under the terms...
Softbank’s PayPay buys 40% stake in Binance’s Japan to deepen push into digital payments
SoftBank’s payments app operator PayPay Corp has acquired a 40% equity stake in Binance Japan, the Japanese subsidiary of Binance said on Thursday, without disclosing details of the transaction. PayPay is the...
Abu Dhabi’s IHC to pick 43% stake in Sammaan Capital for USD 1 billion
Abu Dhabi-based investor Avenir Investment RSC, an affiliate of International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for USD 1 billion, the non-bank lender said on Thursday. The...
Japan’s MUFG set sights on 20% stake in Shriram Finance for $2.6 billion
Mitsubishi UFG Financial Group (MUFG) is in advanced talks to take a 20% stake in India’s second largest non-banking finance company (NBFC), Shriram Finance, for about Rs 23,200 crore ($2.6 billion), according to...
US-based tax services provider Ryan acquires majority stake in Dhruva Advisors
The US-headquartered tax services and software provider Ryan has acquired a majority stake in the Indian tax and regulatory advisory firm Dhruva Advisors for an undisclosed amount. The transaction will pave the way for...
UK’s IPF jumps on Basepoint’s sweetened $693 million takeover proposal
Britain’s International Personal Finance said on Wednesday it received an increased 514.9 million pounds ($693.31 million) takeover proposal from U.S.-based specialty finance group Basepoint Capital, sending its...
Piramal Enterprises sets record date for merger; shareholders to get Piramal Finance shares
Piramal Enterprises (PEL) has announced September 23 as the record date for its merger with Piramal Finance (PFL). From this date, trading in PEL securities will cease, and shareholders listed in the company’s register...
NBFC Dhruva Capital announces merger with microlender Vector Finance
Non-banking financial company Dhruva Capital Services Ltd on Friday announced its strategic merger with Vector Finance, marking its entry into the microfinance business. The merger, approved by its board, will be...
Peerless to exit insurance distribution, focuses on expanding hospital biz
The Peerless Group, once a household name in financial savings, has decided to sell its financial product distribution subsidiary, while it is expanding its footprint in the healthcare sector. The group has identified a...
NCLT approves Gayatri Projects’ settlement plan from promoters
The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved a ₹2,400 crore one-time settlement plan (OTS) by promoters of the engineering, procurement and construction company Gayatri Projects, pushing...
Financial services firm JTC in takeover talks with rival bidders Warburg and Permira
London-listed financial services firm JTC Plc said on Friday it was in separate talks with private equity firms Warburg and Permira after rejecting earlier buyout proposals from the two rival suitors. Shares in JTC...
