Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal...
Desjardins to take Guardian Capital private in $1.21 billion deal
Canada’s Guardian Capital Group has agreed to be taken private by Desjardins Global Asset Management in a C$1.67 billion ($1.21 billion) all-cash deal, the financial services firm said on Thursday. The buyout...
Western Union to acquire Intermex for about $500 million
Money transfer company Western Union said on Sunday it will acquire Intermex, a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash. Western Union will pay $16...
Weaver Services to buy Centrum Housing Finance for Rs 600 crore
A platform backed by private equity major Gaja Capital is in the final stages of acquiring a majority stake in a mortgage lender owned by the Centrum Group, reflecting the growing confidence of impact funds in...
IFX Payments’ Argentex takeover deal terminated
The previously announced acquisition of Britain’s Argentex by cross-border payments provider IFX Payments has been terminated after the currency risk management business entered administration last month, the...
Ripple to buy stablecoin platform Rail for $200 million
Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter...
NARCL offers ₹550 crore for Jaypee Cement & Reliance Infra assets
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...
