BANKING & FINANCE
IIFL Finance Raises ₹6,414 Cr From Blackstone, Promoters & Others
IIFL Finance Ltd, a retail-focused non-banking financial company (NBFC), has approved a primary capital raise of ₹6,414 crore ($686 million) through preferential allotments to funds managed by Blackstone Private Equity, the company’s promoters and Anchorage Capital. Blackstone will invest ₹5,000 crore ($535 million) through compulsorily convertible preference shares (CCPS), while promoters Nirmal Jain and R. […]
CW Bureau
·
Nov 10, 2026
BANKING & FINANCE
ASK Investment Managers To Acquire SageOne Investment Managers
ASK Investment Managers (ASK IM) has entered into definitive agreements to acquire SageOne Investment Managers, an asset manager operating across portfolio management services (PMS) and alternative investment funds (AIF), strengthening its equity investment capabilities. SageOne Founder and Chief Investment Officer Samit Vartak will reinvest in ASK and continue as Chief Investment Officer (Equities) of the […]
CW Bureau
·
Oct 5, 2026
BANKING & FINANCE
Federal Bank Charts Next Phase With Credit Cards, Wealth Management
Kerala-based private sector lender Federal Bank is sharpening its focus on the mass affluent segment by expanding its credit card business, wealth management offerings and specialised lending portfolio, as part of a broader strategy to emerge as one of India’s leading private sector banks. In his message to shareholders in the bank’s Annual Report 2026, […]
Sajan C Kumar
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Jul 31, 2026
RETAIL/FMCG
EPL- Indovida Merger To Create $1 Bn Packaging Platform With Global Scale
EPL Ltd, a global leader in flexible packaging backed by Blackstone, and Indovida India Pvt Ltd, a rigid PET packaging platform backed by Indorama Ventures, have signed definitive agreements for a merger that will create a $1 billion revenue entity with a combined valuation of $2 billion. The proposed transaction marks a significant consolidation in […]
CW Bureau
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Mar 29, 2026
HOSPITALITY
Aster DM Healthcare Clears Key Hurdle For Quality Care India Merger
Bengaluru-based Aster DM Healthcare Ltd has received an overwhelming 96.68% approval from shareholders, along with strong backing from minority shareholders and creditors, for its proposed merger with Quality Care India Limited (QCIL). The approval follows earlier support from shareholders for the share swap arrangement preceding the merger, reflecting broad-based investor confidence in the transaction. The […]
CW Bureau
·
Mar 12, 2026
