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...
Corpay in talks over possible takeover of UK’s Alpha Group
Business payments firm Corpay Inc. said on Friday it was in talks with Alpha Group International about a possible cash offer for the UK-based financial services provider. Corpay, which offers tools that allow businesses...
China’s Ant Group forays into brokerage business with $362 mln Bright Smart buy
China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a...
National Company Law Tribunal okays sale of 18 IL&FS units in Mumbai
The National Company Law Tribunal (NCLT) has cleared the sale of 18 commercial units at Kohinoor Square in Mumbai to the Gajra Brothers and associated parties for about ₹315 crore. The units are currently held by...
FX firm Argentex confirms takeover talks with IFX Payments
British currency risk management company Argentex Group said on Thursday it was in advanced discussions with IFX Payments to get acquired, as the company battles a liquidity crunch due to ongoing turbulence in financial...
Baloise says Patria acquires 9.35% stake from Cevian ahead of merger with Helvetia
Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The...
