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NBFC FDI DEAL
Hey RBI, leave the PEs aloneSince late 2024, RBI has been frowning at investors having control of multiple lenders. PE firms that have held 20% or more in non-bank len...- Japan's MUFG seals Rs 39,600 crore Shriram Finance DealJapan's MUFG Bank will invest ₹39,620 crore for a 20% stake in Shriram Finance. This is India's biggest foreign investment in financial ser...
- MUFG seals Rs 39,600 crore Shriram Finance deal, takes 20% stakeJapan's MUFG Bank is allocating an impressive 39,620 crore to acquire a 20% stake in Shriram Finance. Dubbed the largest foreign direct inv...
- Shriram Finance shares in focus ahead of board meet on MUFG’s $4.45 billion investmentShriram Finance shares are in focus ahead of a board meeting to approve a proposed Rs 40,000 crore strategic investment by MUFG for a 20% s...
- Shriram Finance shares rise on reports of 20% stake deal with MUFGShriram Finance shares rose for a second straight session after reports that its board will meet to consider a possible equity stake sale t...
- Shriram Finance board to weigh stake sale to MUFGShriram Finance's board will meet to consider selling an equity stake to Japan's MUFG, potentially for over ₹40,000 crore. This would be th...
- Shriram Finance board meet on Friday likely to finalise MUFG dealShriram Finance's board will convene to consider a potential equity stake sale to Japan's MUFG, with reports indicating advanced talks for ...
- Japan's MUFG set sights on 20% stake in Shriram Finance for $2.6 billionMitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20% stake in Shriram Finance for ₹23,200 crore ($2.6 billion), pote...
- Foreign controlled companies in India can use stocks to buy stakes in local companiesThe RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enh...
- RBI tightens screws around Mauritius based investments into NBFCsThis stance taken by RBI is in steep contrast with that of what the central government did last year. In June 2020, the Finance Ministry br...
- Promoters not tendering shares in Prem Watsa-led Fairfax India's offer to buy 26 per cent in IIFL Holdings: Nirmal Jain, chairman"Prem Watsa has been very bullish on India, and he has been one of the most vocal admirers and supporters of the present government. "
- Government clears 21 FDI proposals worth Rs 281 croreThe FIPB has deferred 12 proposals including Mumbai-based Kotak Bank for increasing the foreign investment limit in the bank to 55 per cent.
- Field to be levelled for all on PSL, rural branch norms: RBIThe Reserve Bank today sought to allay apprehensions over the lack of level-playing field on issues like rural branch presence
- Carlyle Group set to launch India fund, NBFCCarlyle Group will raise a fund in India and launch a non-banking finance company to catch up with rival and global investment firm KKR.
- Indian insurance firms presently don't need huge capital infusion: Santosh Singh, Espirito Santo SecuritiesFrom the operating point of view, do not see that FDI increase will have a huge impact on these companies.
- Temasek, Piramal, Bain Capital lead race to acquire TPG's 20% stake in Shriram Transport FinanceThe deal is being negotiated at around Rs 690 per share, which is around 10% premium to the current market price.
- Foreign funds sneak into property businessForeign debt, banned in real estate, is finding its way into property firms, as bankers and lawyers help builders cobble together new deals...
- FDI press notes get stuck at commerce ministryThe government has not notified liberal foreign direct investment (FDI) norms for aviation, commodity exchanges.
- Hindujas to grow broking, consumer finance bizThe $2-billion Hinduja Group is learnt to be changing its strategy for greater presence in the financial sector.
- Bear Stearns enters IndiaUS financial services major Bear Stearns is entering India by acquiring US automaker Ford’s financial arm Ford Automotive Finance Company.
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