L&T Finance Ltd. (LTF), on Monday, announced the completion of transfer of gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. LTF is one of...
Mizuho to acquire Avendus from KKR at $700 million valuation
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital, valuing the homegrown investment bank at Rs 6,000 crore ($700 million), ending months of protracted negotiations with several twists and turns, said...
Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale
CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The...
Zaggle to acquire spend management firm Dice Enterprises for Rs 123 Cr
Zaggle Prepaid Ocean Services Ltd., a Mumbai-listed financial technology company, said on Wednesday it has agreed to acquire the entire share capital of Dice Enterprises Private Limited for Rs 123 crore. The...
UK’s Rosebank Industries raises $1.55 billion for US-based ECI’s acquisition
British investment firm Rosebank Industries (ROSE.L) on Friday said it will raise about 1.14 billion pounds ($1.55 billion) to finance the acquisition of U.S.-based Electrical Components International. Rosebank, which...
Herbert Smith Freehills and Kramer Levin launch latest transatlantic merger
June 2 (Reuters) – Herbert Smith Freehills and Kramer Levin have finalized the latest major legal industry merger of recent years, combining to form a 2,700-lawyer firm with over $2 billion in revenue. The merger...
Razorpay completes reverse flip from US to India
Y Combinator and Peak XV-backed fintech unicorn Razorpay has completed its reverse flip process, shifting its parent company’s domicile from the United States to India, documents accessed by Moneycontrol show...
Marwadi Chandarana to buy 75% stake in TruCap Finance for Rs 207 crore
Marwadi Chandarana Intermediaries Brokers has entered into an agreement to acquire 75 per cent stake in non-banking financial company TruCap Finance with an investment of Rs 207 crore. This investment includes a mix of...
US investment firm Redbird agrees to buy Britain’s venerable Telegraph newspaper
LONDON (AP) — A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million), the two...
NCLT admits L&T Finance plea against Tikona Infinet over unpaid dues
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted L&T Finance’s application to initiate bankruptcy proceedings against Tikona Infinet. The financial creditor has alleged a default of...
China’s Ant Group to sell 4% stake in Paytm for $242 million, term sheet shows
China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed. Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at...
Bain Capital seeks CCI nod to acquire stake in Manappuram Finance
Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal. According to the...
