Italy’s doValue has agreed to buy rival Gardant in a cash-and-stock deal, the country’s biggest bad loan company said early on Friday, bulking up in the face of ebbing flow of impaired debt due to...
Tata Motors Finance to be merged with Tata Capital
Tata Motors in a filing to the exchanges said that the Board of Directors of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motor Finance with Tata Capital through an NCLT scheme of...
Credit Suisse ceases to exist as UBS wraps up takeover
UBS Group AG completed the historic acquisition of its former rival Credit Suisse, marking a new chapter for the Swiss financial sector as the defunct bank’s legal existence has formally ended. “Today...
Paytm share price jumps 5% on clarification that Vijay Shekhar Sharma is not selling stake to Gautam Adani
Shares of One 97 Communications, parent of Paytm was locked in a 5 percent upper circuit at ₹359.55 in morning deals on Wednesday after the company clarified that Vijay Shekhar Sharma is not in talks with Gautam Adani...
Adani’s fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm’s p
Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report...
PNB Housing Finance likely to see stake sale worth Rs 500 crore via block deal: Report
PNB Housing Finance could see a block deal worth Rs 500 crore in the coming days with information on the sellers of the stake not disclosed yet. The block deal is expected for the sale of 69.6 lakh shares of the company...
Satin Creditcare Network raises Rs 332 crore from Dutch development bank
Microfinance lender Satin Creditcare Network has raised Rs 332 crore from Dutch Entrepreneurial Development Bank FMO as it looks to continue the growth momentum it achieved last fiscal. The funds are mobilised through...
Jio Financial plans $4.33 bln deal with Reliance Retail
Jio Financial Services (JFS) is seeking shareholder approval for its unit to acquire equipment worth 360 billion rupees ($4.33 billion) from the retail arm of Reliance Industries as the financial services provider plans...
Reliance Capital administrator seeks 90-day extension from NCLT to implement resolution plan
The administrator of debt-ridden Reliance Capital (RCap) has moved NCLT, seeking a 90-day extension beyond the deadline to implement the resolution plan submitted by the successful bidder, the Hinduja Group. The...
Merger talks between NSE, BSE offshore arms at Gift City called off
Two international exchanges led by BSE Ltd and National Stock Exchange (NSE) Ltd in the Gift City in Gujarat have called off their much-anticipated merger, according to two persons aware of the development. This is a...
NCLT rejects JM Financial Asset Reconstruction’s plea in Arch Pharmalabs case…
The National Company Law Tribunal (NCLT) has dismissed JM Financial Asset Reconstruction’s application to intervene in an insolvency resolution application filed by Bank of Baroda against Arch Pharmalabs. In its...
Hindujas’ acquisition of Reliance Capital hits financing hurdle
The financing of Hindujas’ acquisition of Reliance Capital has hit the coupon hurdle as lenders including Standard Chartered Bank and Barclays are seeking a 15.5% coupon on a Rs 2,000 crore loan each, people...
