Ashok Leyland will be listing its vehicle finance unit, Hinduja Leyland Finance (HLF), on the stock exchange via a reverse merger with NXTDigital, a listed media company of the Hinduja Group, in the current financial...
CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARC
CFM Asset Reconstruction Co has acquired the debt of GMR Rajahmundry Energy from Edelweiss Asset Reconstruction Co. The transaction closed on June 30. Edelweiss ARC had purchased GREL’s ₹458 crore debt from IDFC...
UK clears Nationwide Building’s $3.75 bln Virgin Money deal
Britain’s competition regulator said on Friday it has cleared Nationwide Building Society’s proposed 2.9-billion-pound ($3.75 billion) all-cash deal to buy Virgin Money UK. The deal, which was announced in...
NCLT admits Axis Finance’s plea against Primat Infrapower & Multiventures
The bankruptcy court in Mumbai has admitted Essel Group affiliate Primat Infrapower & Multiventures under the corporate insolvency resolution process (CIRP) following an application filed by Axis Finance Ltd. Axis...
Temenos weighs sale of fund management unit Multifonds, sources say
Swiss financial software group Temenos is studying options, including a sale, for its fund management unit Multifonds, three people familiar with the matter said. Temenos, listed on the SIX Swiss Exchange, has been...
Bain Capital to buy financial software vendor Envestnet in $4.5 bln deal
Private-equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. banks among its customers. A cohort of investors...
Financial wellness platform Cashe acquires Centcart Insurance
Financial wellness platform Cashe has acquired insurance broking platform Centcart Insurance for an undisclosed sum, marking its entry into the insurance space. The acquisition was made by Aeries Financial Technologies...
Castlelake to buy up to $1.2 bln in consumer loans from Upstart
Private credit lender Castlelake will buy up to $1.2 billion in consumer installment loans from fintech firm Upstart to expand its foothold in the retail lending space, it said on Thursday. The deal underscores how...
PwC India expects upswing in small, mid-size M&A transactions
PwC India anticipates an upswing in the India markets, especially in small to mid-size M&A (merger and acquisition) transactions and growth fundings driven by increasing investors’ confidence. The year 2023...
Paytm in talks with Zomato to sell its movie and ticketing business
Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per...
ET Money’s acquisition by 360 ONE – Should you be worried or excited?
The acquisition of ET Money by 360 ONE WAM Ltd raises some questions for users and investors of the Times Group-owned direct mutual fund investment platform—the largest corporate effort in the past decade to provide...
Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20
National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IIHL for extension of deadline for completing Reliance Capital’s resolution on June 20. IndusInd International Holdings Ltd (IIHL) is...
