HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth...
Capital One to buy Discover Financial in $35.3 bln all-stock deal
Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the...
KKR to Acquire a Stake in Cotiviti From Veritas Capital
Private equity firm KKR & Co has agreed to acquire a stake in Cotiviti from investment manager Veritas Capital, the healthcare technology firm said on Wednesday. KKR and Veritas will have equal ownership stakes in...
ChrysCapital close to acquiring 5-6% in pharma co La Renon Healthcare
Homegrown private equity fund ChrysCapital is close to acquiring 5-6% stake in pharmaceutical company La Renon Healthcare via secondary sale of shares at an estimated valuation of ₹6,500 crore, or $800 million, multiple...
CASE LAW: Reduction of Share Capital by way of cancellation of Shares amounts to “Transfer” and Losses available for set-off
Assessee: Tata Sons LimitedDecision by: The Income Tax Appellate Tribunal, MumbaiAssessment Year: 2009-10Date of Order: 23.01.2024 Recently, the Mumbai bench of the Income Tax Appellate Tribunal in the case of Tata Sons...
CapitaLand India Trust to Acquire three industrial facilities at OneHub Chennai, India
CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai, India...
Singapore’s DBS to merge capital markets, brokerage with treasury markets
Singapore’s largest lender DBS Group said it will merge its equity capital markets, brokerage and digital exchange with its existing treasury markets business, with the new group renamed global financial markets...
Tata Consumer signs pacts to buy Capital Foods, Organic India
Tata Consumer Products Ltd (TCPL) announced on Friday that it has signed definitive agreements to fully acquire Capital Foods, owner of Ching’s Secret and Smith & Jones, and Organic India, the Fabindia-backed...
Tata Consumer set to acquire Capital Foods, Organic India
Tata Consumer Products Ltd (TCPL) is all set to announce two marquee transactions – the acquisitions of Capital Foods Pvt Ltd, the maker of condiments, food products, and ingredients under the Ching’s Secret and...
Encore ARC acquires IndoStar Capital’s distressed loan book of Rs 292 crore
Brookfield and Everstone-backed IndoStar Capital Finance sold Rs 292 crore worth of stressed asset portfolio to Encore Asset Reconstruction Company (ARC) in a deal which involved a senior-junior arrangement between the...
Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital
A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino’s share capital once a restructuring plan is completed, Casino said. Current shareholders will be...
Fuel maker XCF Global Capital to go public in $1.75-bln SPAC deal
XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer at $1.75 billion, the SPAC said...