The National Asset Reconstruction Co (NARCL) has submitted binding offers for two distressed assets, including Jaypee Cement Corp. The other asset is a toll road entity of Anil Ambani’s Reliance Infra. For the...
Aurionpro Solutions acquires Melbourne-based InfraRisk
Aurionpro Solutions announced its acquisition of InfraRisk, a software firm specializing in lending solutions for banks and financial institutions. This strategic acquisition strengthens Aurionpro’s Integro...
China’s Ant Group to exit Paytm: Report
China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total $433.72 million, according to a term sheet seen by Reuters on Monday. Ant, an affiliate...
Antfin to likely sell entire 5.84% stake in Paytm at Rs 3,800 crore via block deal: Report
Ant Group affiliate Antfin (Netherlands) Holding B.V. is likely to sell its entire 5.84% stake in One 97 Communications via block deal on Tuesday, according to a report. The floor price has likely been set at Rs 1,020...
UK’s Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash. Close...
Payments firm Corpay to buy UK’s Alpha Group in $2.2 billion private markets push
Corpay will buy British peer Alpha Group in a $2.2 billion (1.6 billion pounds) cash deal, the U.S.-based business payments firm said on Wednesday, to expand in the fast-growing private markets. The private markets...
EQT completes acquisition of Niwas Housing Finance
Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500...
Elliott builds stake in Global Payments after Worldpay deal, source says
Activist hedge fund Elliott Investment Management has built a sizable stake in Global Payments, less than three months after the financial technology company inked one of the year’s biggest acquisitions for...
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government’s go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an...
360 ONE group gets CCI nod to acquire certain businesses of UBS
Fair trade regulator CCI on Tuesday approved 360 ONE group’s proposal to acquire certain businesses of Switzerland-based multinational investment bank UBS AG. “The proposed combination comprises acquisition...
JM Financial acquires full control of NBFC arm from Moraine Fund
JM Financial on Tuesday said it has acquired the remaining 2.98 per cent stake in its material subsidiary JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making the lending arm a wholly-owned...
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
Brighthouse Financial has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential...
