Fair trade regulator Competition Commission of India said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution plan
Jindal (India), promoted by the family that controls Jindal Poly Films, has submitted a debt resolution plan for debt-laden Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process, said people briefed...
PNC Bank buys $16.6 bln capital commitment portfolio from Signature Bridge Bank
PNC Financial Services’ banking unit said that it had bought a portfolio of capital commitments from Signature Bridge Bank worth $16.6 billion in an agreement with the Federal Deposit Insurance Corp as receiver...
Cabinet clears Advent’s acquisition of Suven Pharma for Rs 9,589 crore
The Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi on Wednesday approved the FDI proposal for foreign investment of up to Rs.9589 crore in Suven Pharmaceuticals Limited by private equity...
SVB agrees to sell its investment banking division
SVB Financial Group said it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by...
Runwal buys out GIC’s entire 50% stake in Mumbai’s R City Mall
Realty major Runwal has bought out Singapore’s sovereign wealth fund GIC’s entire 50% stake in their joint retail property R City Mall for around Rs 1,000 crore to get complete control of the asset in Mumbai’s Ghatkopar...
Troubled Silicon Valley Bank acquired by First Citizens
First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to fail and tested faith in the global...
Citizens Financial eyes bid for SVB’s private bank
Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two people familiar with the matter said on Thursday. Citizens, one of the largest U.S. regional...
First Citizens plans to bid for SVB businesses – source
First Citizens Bancshares will submit bids to the Federal Deposit Insurance Corp (FDIC) to acquire parts of Silicon Valley Bank, one source with knowledge of the matter said on Monday. The bank, which has around $109...
SVB Financial Group files for bankruptcy protection amid crisis
Silicon Valley Bank’s parent company filed for bankruptcy after worry spread among its long-established customer base of tech startups, prompting regulators to seize the firm’s banking unit. SVB Financial Group listed...
First Citizens in talks to acquire Silicon Valley Bank, Bloomberg reports
First Citizens BancShares Inc is evaluating an offer for Silicon Valley Bank, Bloomberg News reported on Saturday, citing people familiar with the matter. At least one other suitor is making a serious consideration for...