CA Personal Finance & Mobility, the consumer finance and mobility provider under French bank Crédit Agricole Group, is acquiring a 50% stake in the leasing unit of Chinese state-owned automobile maker GAC Group for 2.1325 billion yuan ($299.8 million) via reserved capital increase. The acquisition will enable CA Personal Finance to tap the financial and… Continue reading Crédit Agricole to buy 50% stake in GAC’s leasing unit for almost $300mThe acquisition will enable CA Personal Finance to tap the leasing solutions ma…
Author: Deal Street Asia Online News
KKR extends tender period for Japan’s Fuji Soft to NovemberThe first stage of the binding offer was previously due to expire on Oct. 21.
U.S. investment firm KKR has extended by 10 working days the first stage of its tender to take Japanese IT services firm Fuji Soft private, it said in a filing on Monday. The first stage of the binding offer was previously due to expire on Monday, Oct. 21 but will now expire on Nov. 5.… Continue reading KKR extends tender period for Japan’s Fuji Soft to NovemberThe first stage of the binding offer was previously due to expire on Oct. 21.
Titan Capital closes $40m fund to back startups from existing portfolio: reportThe new fund plans to back about 20 startups from Titan’s seed portfoli…
Titan Capital, an early-stage investor in India led by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has secured the final close of its new opportunities fund at Rs 333 crore (about $40 million), The Economic Times reported on Monday (Oct. 21). The firm, which counts companies such as Mamaearth, OfBusiness, Razorpay, Urban Company, Ola and… Continue reading Titan Capital closes $40m fund to back startups from existing portfolio: reportThe new fund plans to back about 20 startups from Titan’s seed portfoli…
Supermarket chain Lulu looks to sell 25% stake in Abu Dhabi IPOThe listing is set to run from Oct. 28 to Nov. 5.
Lulu Retail Holdings of the United Arab Emirates plans to sell a 25% stake in its initial public offering, the firm that runs one of the Middle East’s biggest hypermarket chains said on Monday. The offering by the conglomerate that runs more than 240 stores in six countries of the Gulf Co-operation Council (GCC) comes during… Continue reading Supermarket chain Lulu looks to sell 25% stake in Abu Dhabi IPOThe listing is set to run from Oct. 28 to Nov. 5.
Indian dairy tech startup Stellapps raises $26m from Blume, Omnivore, othersThe debt portion came from the Development Finance Corporation (DFC).
Dairy technology solutions provider Stellapps has raised $26 million in a mix of equity and debt funding, per media reports on Monday. The funding round saw participation from existing investors Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Global (formerly 500 Startups) and Singapore-based Blue Ashva Capital along with new investor… Continue reading Indian dairy tech startup Stellapps raises $26m from Blume, Omnivore, othersThe debt portion came from the Development Finance Corporation (DFC).
Indonesian aquatech startup Aruna raises $3.2m from East Ventures, othersThe round was also backed by SMDV and Vertex Ventures SEA & India.
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US SEC approves spot bitcoin ETF options listing on NYSEThe SEC has granted approval to 11 ETFs to list and trade options tied to spot bitcoin prices …
The U.S. securities regulator has granted “accelerated approval” to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange, according to a regulatory filing. The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for… Continue reading US SEC approves spot bitcoin ETF options listing on NYSEThe SEC has granted approval to 11 ETFs to list and trade options tied to spot bitcoin prices …
Former OpenAI tech chief Murati said to be raising capital for new AI startupMurati’s new venture could raise over $100 million.
Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter. The new company aims to build AI products based on proprietary models, said one of the sources who requested anonymity to discuss private matters. It is not clear if… Continue reading Former OpenAI tech chief Murati said to be raising capital for new AI startupMurati’s new venture could raise over $100 million.
India’s HDB Financial Services to raise up to $1.5b in IPOIndia’s central bank introduced new norms in 2022 that require large NBFCs to be listed by S…
India’s top private lender, HDFC Bank, said on Saturday its HDB Financial Services unit will raise up to 125 billion rupees ($1.5 billion) in its initial public offering (IPO). Parent HDFC Bank, which holds a 94.6% stake in HDB Financial, will sell shares worth 100 billion rupees, the lender said, adding that the price and… Continue reading India’s HDB Financial Services to raise up to $1.5b in IPOIndia’s central bank introduced new norms in 2022 that require large NBFCs to be listed by S…
Beijing exchange plans to help smaller tech companies to listThe exchange said its action plan would help SMEs obtain financing from banks and market …
The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation. The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain… Continue reading Beijing exchange plans to help smaller tech companies to listThe exchange said its action plan would help SMEs obtain financing from banks and market …