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Deals Digest: PE/VC funding value doubles due to HDFC Credila deal

General

23 June, 2023

Deals Digest: PE/VC funding value doubles due to HDFC Credila deal

This week’s overall funding doubled in value terms, aided by the big-ticket private equity buyout of HDFC’s education lending arm ......

IPO-bound BharatPe taps former SBI Cards exec as chief risk officer

People

20 February, 2023

IPO-bound BharatPe taps former SBI Cards exec as chief risk officer

Sequoia-backed BharatPe on Monday announced that it has appointed Aparna Kuppuswamy as its chief risk officer as the fintech unicorn ......

Carlyle arm to offload 5.1% stake in SBI Cards for $675 mn

Finance

18 June, 2021

Carlyle arm to offload 5.1% stake in SBI Cards for $675 mn

US private equity (PE) major Carlyle’s arm has decided to offload 5.1% stake in government-backed SBI Cards and Payment Services ......

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Markets

08 May, 2020

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued ......

Premium
Carlyle to make best-ever India returns as SBI Cards eyes $10-bn valuation in IPO

Finance

25 February, 2020

Carlyle to make best-ever India returns as SBI Cards eyes $10-bn valuation in IPO

Private equity firm Carlyle Group will likely record its best-ever performance from its India portfolio as it readies to pare ......

Carlyle-backed SBI Cards, fabric processor get SEBI nod for IPO

Finance

17 February, 2020

Carlyle-backed SBI Cards, fabric processor get SEBI nod for IPO

SBI Cards and Payment Services Ltd, the credit-card issuing arm of the country’s top lender SBI, has received a green ......

Premium
Carlyle set to make best-ever India returns from partial exit in SBI Cards

Finance

06 December, 2019

Carlyle set to make best-ever India returns from partial exit in SBI Cards

Private equity firm Carlyle Group is all set to record its best-ever performance from its India portfolio by paring its ......

Grapevine: Hero Corp may buy into Max Financial; Tencent picks up Policybazaar stake

General

11 November, 2019

Grapevine: Hero Corp may buy into Max Financial; Tencent picks up Policybazaar stake

Sunil Kant Munjal’s Hero Corp is looking to buy a significant minority stake from Analjit Singh in Max Financial Services ......

SBI's credit card business aims to raise $1.1 bn via IPO

Finance

29 August, 2019

SBI's credit card business aims to raise $1.1 bn via IPO

SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India, plans to raise about 80 ......

State Bank of India gears up for IPO of PE-backed credit cards unit

Finance

14 August, 2019

State Bank of India gears up for IPO of PE-backed credit cards unit

State Bank of India is considering a plan to dilute its stake in its credit card subsidiary via an initial ......