Tag: Financial service news
Gold loan company Muthoot Finance announces interim dividend of 200%
Muthoot Finance, an Indian gold loan company, has announced an interim dividend of 200% for the financial year 2020-21, at INR20 per share of INR10 ... Read More
Srei Equipment Finance to get $250m investment from Arena Investors and Makara Capital
Srei Equipment Finance (SEFL) said that it has received expression of interest from Arena Investors and Makara Capital Partners for investing up to $250 million ... Read More
Utmost to acquire investment platform provider Quilter International for £483m
Utmost Group Limited, a specialist life assurance group, has agreed to acquire Isle of Man-based investment platform provider Quilter International for around £483m in cash. ... Read More
Magma Fincorp shareholders approve acquisition by Rising Sun Holdings
Magma Fincorp said that its shareholders have approved Rising Sun Holdings’ (RSHPL) acquisition of a controlling stake in the former. In February 2021, Rising Sun ... Read More
Wells Fargo to divest asset management business to GTCR and Reverence Capital for $2.1bn
Wells Fargo & Company has agreed to divest its asset management business - Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence ... Read More
Rising Sun Holdings to acquire controlling stake in Magma Fincorp
Rising Sun Holdings (RSHPL), a company controlled by Serum Institute of India CEO Adar Poonawalla, has agreed to acquire a controlling stake in Magma Fincorp, ... Read More
Bharti Airtel sells stake in Loan Singh creator Seynse Technologies
Bharti Airtel revealed selling its stake in Indian financial technology company Seynse Technologies, the creator of a digital lending platform called Loan Singh, for an ... Read More
Perella Weinberg Partners to merge with FinTech IV in $975m deal
Perella Weinberg Partners (PWP), a US-based independent advisory firm, has agreed to merge with FinTech Acquisition Corp. IV (FinTech IV), a special purpose acquisition company, ... Read More
Macquarie Asset Management to acquire Waddell & Reed Financial for $1.7bn
Macquarie Asset Management has signed a deal worth around $1.7 billion to acquire US-based asset and wealth management company Waddell & Reed Financial. The asset ... Read More
City Bank, Compass Plus bring interoperable QR code payment solution to Bangladesh
City Bank, a Bangladeshi private commercial bank, has joined forces with UK-based payments technology firm Compass Plus to launch an interoperable QR code payments solution ... Read More