Edelweiss
TMT
Edelweiss gets regulatory nod to divest 100% in insurance broking biz
Financial services firm Edelweiss Group on Monday announced the divestment of its majority stake in Edelweiss Gallagher Insurance...
Infrastructure
Distressed sectors see renewed investor interest on govt support, easing of lockdowns
Distressed sectors including roads, hospitality and aviation are seeing renewed interest from investors on the back of government...
Finance
Investors offer massive haircuts for LIC's $1 bn stressed loan accounts
At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about...
Healthcare
Stent maker SMT lines up bankers for IPO
India’s largest cardiac stent maker Sahajanand Medical Technologies Pvt Ltd (SMT) has signed up four bankers for its proposed...
General
Grapevine: Warburg to invest in MedPlus; Vodafone's lender consortium expands
Warburg Pincus is in advanced talks to invest Rs 1,500 crore ($203 million) in MedPlus, India’s second-largest pharmacy...
General
Grapevine: Tatas to buy Bigbasket for $1.3 bn; RCap creditors get bids for stake sale
The Tata group, after five months of negotiations, has agreed on the deal structure to buy about 80% stake in ......
Finance
PE, M&A deals in financial services sector remain in the doldrums
The number of private equity deals and mergers and acquisitions (M&As) in the banking, financial services and insurance (BFSI)...
Finance
PAG to buy 51% stake in Edelweiss Wealth Management for $300 mn
Hong Kong private equity firm PAG has struck its second India related transaction as it inks an agreement to pick ......
General
Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO
Reliance Industries Ltd (RIL) may acquire Future Group’s retail business for up to Rs 27,000 crore ($3.6 billion), two people...
Finance
Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers
A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has roped in a foreign...
