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NBFC MERGER
Motilal Oswal initiates coverage on Tata Capital, gives target price and re-rating triggersMotilal Oswal has initiated coverage on Tata Capital with a 'Neutral' rating and a target price of Rs 390, implying an 8% upside from curre...- President approves merger of REC with Power Finance CorporationThe President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in...
- RBI cancels registration certificates of 135 NBFCsThe Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...
- RBI accepts 2 core investment companies' applications for surrendering registrationThe Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...
- PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
- Skyroot Aerospace, KreditBee among latest startups to enter unicorn clubIndia's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...
- PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
- Piramal Finance makes strong debut at Rs 1,270 on BSE, lists at 13% premium over discovered pricePiramal Finance made its market debut on November 7 at ₹1,270 per share on the BSE, a 13% premium to the discovered price of ₹1,124.20. The...
- Piramal Enterprises sets record date for merger; shareholders to get Piramal Finance sharesPiramal Enterprises Ltd (PEL) will merge with Piramal Finance Ltd (PFL), with September 23 as the record date. PEL shareholders will receiv...
- Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFCAditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large uni...
- Tata Capital may launch IPO in 2025, seek Jio Financial-like valuation: ReportAs per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified. On September 14, 2023, the Reserve Bank of...
- HDFC-HDFC Bank merger: Regulatory changes pave way for unionThe Reserve Bank of India (RBI) has, over the past few years, been bringing the regulatory framework of banks and that of non-banks into cl...
- Post merger of lending units, Shriram to be among top five NBFCs: Shweta Daptardar“Given that the merged lending entity will have more than almost 1.5 trillion of AUM, it should be amongst the top five to six NBFCs in the...
- Clix Capital in merger talks with Suryoday Bank; stock surgesAlmost a year after its attempt to take over Lakshmi Vilas Bank failed, non-banking finance company Clix Capital is in discussions with Sur...
- Merger talk of group companies spooks Shriram investorsSCUF now trades 1.6 times its FY21 estimated book.
- Indiabulls Housing Finance leads race for Lakshmi Vilas Bank merger; Edelweiss, Srei Infrastructure also keenThe Chennai-based bank has been evaluating the merger option as it needs to augment long-term capital.
- Magma Fincorp approves scheme of merger with Magma ITL FinanceThe board also approved raising of up to Rs 750 crore through issue of securities in one or more tranches.
- Bank-NBFC mergers could be a win-win idea for some regions: Sanjay Chamria, Magma Fincorp"I guess the new RBI norms will result in a more liberal interpretation of the space. Banks and NBFCs will now be more open to look at a ho...
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
- Bank-NBFC merger rules soon, HDFC first in queueThe promised consolidation of non-banking finance companies (NBFCs) may hint at an interesting possibility: a merger of HDFC with HDFC Bank.
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