Malvika Joshi

India: RCom’s new debt repayment plan gives banks majority shareholding

The firm has about Rs45,000 crore in debt and last week announced that it was going to shut down its 2G services in about a month.

India: Piramal Enterprises plans to raise about $1b via QIP, rights issue

The firm said it will be utilizing the proceeds mainly to strengthen its financial services business.

India: IndusInd Bank board approves merger with Bharat Financial

As of 30 June 2017, Bharat Financial had a loan book of Rs 10,971 crore.

India: RCom-Aircel merger collapses, doubts on debt repayment rise

The development will further impede its efforts to pare its huge debt.

India: Interests of Shriram shareholders will be key in merger with IDFC, says Ajay Piramal

Merger discussions may even be called off if the deal structure is not favourable to shareholders of the Shriram group firms.

India: Piramal Finance sets up housing finance arm

The company is set up under Piramal Finance with an initial capital of $152m.

ItzCash parent Ebix to acquire Paul Merchants

The deal, valued at $40.7 million, is a slump sale.

India: RBI to regulate peer-to-peer lending firms

All P2P loan platforms will be treated as NBFCs and will be brought under the ambit of RBI.

India: Micro lender Bharat Financial Inclusion close to finalizing a buyer

The micro lender, formerly SKS Microfinance, is in talks with two potential buyers, IndusInd Bank and RBL Bank.

DBS Bank gets nod to operate as wholly owned subsidiary in India

This makes DBS the second foreign bank to operate through the WOS model in India after State Bank of Mauritius.