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Multiples PE-backed Vastu Housing taps second equity investor in as many months

Finance

22 November, 2023

Multiples PE-backed Vastu Housing taps second equity investor in as many months

Vastu Housing Finance Corporation Ltd., a mortgage lender controlled by Renuka Ramnath-led private equity firm Multiples......

Binance to pay $4.3 bn fine, Zhao quits after pleading guilty to violating US laws

Finance

22 November, 2023

Binance to pay $4.3 bn fine, Zhao quits after pleading guilty to violating US laws

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4......

Govt cancels bid process to hire valuer for IDBI Bank sale

Finance

22 November, 2023

Govt cancels bid process to hire valuer for IDBI Bank sale

The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank share sale, ......

Chimera-owned Lunate, BNY Mellon set up wealth-tech firm Alpheya

Finance

21 November, 2023

Chimera-owned Lunate, BNY Mellon set up wealth-tech firm Alpheya

Chimera Investments-owned alternative investment manager Lunate and US bank BNY Mellon are investing in Alpheya, a ......

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Cholamandalam Investment taps offshore investor to raise fresh capital

Finance

21 November, 2023

Cholamandalam Investment taps offshore investor to raise fresh capital

Murugappa Group firm Cholamandalam Investment & Finance Company Ltd is set to receive fresh capital from a development ......

Bain Capital raises $7.1 bn in largest pan-Asia PE fund this year

Finance

21 November, 2023

Bain Capital raises $7.1 bn in largest pan-Asia PE fund this year

Bain Capital has completed the final close of its fifth pan-Asia private equity fund at $7.1 billion, exceeding its ......

NBFCs may tap bond market after RBI tightens tougher personal loan rules

Finance

20 November, 2023

NBFCs may tap bond market after RBI tightens tougher personal loan rules

Indian non-banking finance companies (NBFCs), including Bajaj Finance, L&T Finance and SBI Cards and Payment Services, ......

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Madison India floats new private equity fund after six-year gap

Finance

20 November, 2023

Madison India floats new private equity fund after six-year gap

Private equity firm Madison India Capital has floated a new fund, about six years after it closed its fourth investment......

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KB Group-backed Elev8 gets a cheque from key LP for maiden VC fund

Finance

20 November, 2023

KB Group-backed Elev8 gets a cheque from key LP for maiden VC fund

Growth-stage-focused venture capital firm Elev8 Venture Partners, which is co-sponsored by South Korea's financial ......

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True North changes exit plan for financial services firm yet again

Finance

20 November, 2023

True North changes exit plan for financial services firm yet again

Private equity firm True North, which has made several monetisation moves this year while also slashing the target ......

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