Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday. The bank had announced to acquire 100% stake of the Non...
Centrum Capital explores sale of its stake in housing finance business
Centrum Capital, the financial services business led by Jaspal Bindra, is exploring a possible sale of its stake in its mortgage financing business – Centrum Housing Finance, two people aware of the development...
Ananya Birla’s Svatantra buys Sachin Bansal’s Chaitanya for ₹1,479 crore
Almost a year after the Reserve Bank of India rejected Sachin Bansal’s universal banking licence, Flipkart co-founder has sold the microfinance company he acquired in September 2019. Ananya Birla’s Svatantra Microfin...
Mahindra eyes 9.9% stake in RBL Bank
Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment...
Bandhan Financial Holdings to acquire Aegon Life Insurance
Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based...
Kedaara in talks with Yes Bank for sale of Spandana Sphoorty
Private equity investor Kedaara Capital, the biggest shareholder of microfinance lender Spandana Sphoorty Financial, has revived plans to sell off the company and has been in discussions with Yes Bank to explore an...
Florintree Advisors buys stake in Cybrilla
Florintree Advisors, led by former Blackstone India head Mathew Cyriac, has invested about $2 million ($16.5 million) for a minority stake in Cybrilla Technologies Pvt. Ltd, which provides fintech infrastructure to...
Centrum Housing to acquire National Trust Housing biz in a cash deal
Centrum Housing Finance, an affordable housing finance subsidiary of the Centrum Group, is in an advanced stage of discussions to buy out the business of South India-based National Trust Housing Finance (Natrust). The...
British International Investment leads ₹200 cr round in Kinara Capital
Small business lender Kinara Capital on Friday said it has secured ₹200 crore (around $25 million) in a financing round led by UK’s development finance institution (DFI) British International Investment (BII). The...
Inditrade Microfin may merge with Janakalyan Finance
Inditrade Microfinance, an arm of the listed Inditrade Capital, is looking to strike a merger with Kolkata-based micro lender Janakalyan Financial Services in a share-swap deal. Inditrade Microfinance’s board is...
Satin Creditcare raises Rs 96 cr by issuing bonds to two investors
Microfinance lender Satin Creditcare Network has raised Rs 96.25 crore by issuing bonds on a private placement basis to two investors. A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of...
Annapurna Finance raises ₹260 cr in latest funding round
Odisha-based microfinance lender Annapurna Finance has raised ₹260 crore ($35 million) from a clutch of investors to mainly fund its digital transformation and green financing. Annapurna Finance said the $35 million...