ICICI Lombard started as a JV between private sector lender ICICI Bank and Fairfax in 2001.
Reliance Securities enters into an agreement to buy broking and distribution business from Reliance Capital.
Policy & Regulations
The bank will now have to explore options for raising capital to help lift regulatory restrictions.
ESOF III fund will invest in the performing credit space. It will not invest in real estate and distressed credit spaces.
Bansal is also making yet another debt investment in non-bank lender U GRO Cap.
IPOs & Markets
The downgrades show the liquidity crunch sparked by IL&FS crisis has not spared even NBFCs owned by PE firms.
A key factor behind raising dollar debt is to help the Adani group free up credit lines with domestic lenders.
It had earlier sold 17.06% of its shareholding in RNAM, in three successive offers for sale.
Bansal, who will assume the role of CEO, is infusing a total of $105.5 million in the NBFC.
Warburg had invested about $42.86 million in Lemon Tree in 2006.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.