IDFC Ltd, which is in the process of selling its broking business, IDFC Securities, received bids on Wednesday from at least four suitors, including Axis Capital chief executive Dharmesh Mehta, said three people aware...
Investcorp may sell IDFC Private Equity’s small investments
Doha-based Investcorp SA, which is in the process of acquiring the private equity (PE) business of IDFC Alternatives Ltd, is looking to sell all investments of the Indian investment firm that are less than $40 million...
NIIF to acquire controlling interest in IDFC Infrastructure Finance
Private lender IDFC will sell controlling interest in IDFC Infrastructure Finance to National Investment and Infrastructure Fund II, for an undisclosed amount. The infra debt fund has a loan book of more than Rs 4.5...
IDFC Bank sells Rs 2,400 crore NPAs to Edelweiss Asset Reconstruction Company
IDFC Bank has sold more than Rs 2,400 crore of stressed assets to Edelweiss Asset Reconstruction Company for Rs 622.6 crore, a loss of 75% on the exposure, as it sought to clean up books ahead of the pending merger with...
Capital First’s merger with IDFC Bank gets RBI nod
Clearing the decks for the merger of IDFC Bank and Capital First, the Reserve Bank of India has issued a no objection certificate to the deal. Capital First, provider of loans to small businesses, is backed by buyout...
Investcorp close to acquiring IDFC’s realty, PE business
Investcorp, which is close to acquiring the private equity (PE) and real estate (RE) funds business of IDFC Alternatives, will initially focus on real estate investments, said two people aware of the development...
Capital First gets NHB nod for merger with IDFC Bank
Capital First today said the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFCBSE -0.38 % Bank. “We would...
IDFC paying premium to get acquired, will IDFC be second time lucky?
After the failure of IDFC Bank-Shriram Group merger over valuation, IDFC Bank has now gone for merger with Capital First, a non-banking finance company. The all-share merger deal was done keeping in mind IDFC’s aim to...
IDFC Alternatives buys IL&FS’s Madhya Pradesh solar project
IDFC Alternatives, the private equity arm of IDFC Ltd, has bought a 40 megawatt (MW) solar power project in Madhya Pradesh operated by IL&FS Energy, two people aware of the matter said. Vector Green Energy, a...
IDFC Bank, Capital First merger: will the shoe fit this time?
What is trickier than buying a shoe? Perhaps it’s buying what could be termed an aspirational shoe, fully knowing that the wearer will struggle to achieve a balanced gait. IDFC Bank Ltd’s inorganic attempts at growth...
IDFC Bank-Capital First may have to raise Rs 4,000 crore to meet norms
The proposed merger between IDFC Bank and Capital First, more than a third owned by private equity firm Warburg Pincus, will require the merged entity to raise as much as Rs 4,000 crore to meet regulatory obligations on...
Capital First clarifies on IDFC Bank merger
Capital First said late Thursday that it explores various opportunities on a continuous basis amid market talk that the Mumbai-based non-banking finance company could be considering a merger with IDFC Bank, which is up...