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Aussie firm Findi's India unit pockets funding cheque

New Delhi, Jan. 12 -- Transaction Solutions International (India) Pvt Ltd, the local arm of Australian company Findi Ltd, is raising Rs 418 crore (A$72 million or US$46.3 million) from Nova Global Opp... Read More


BetterInvest launches media-focussed credit fund

New Delhi, Jan. 12 -- BetterInvest has launched BetterInvest Media Vision Fund - 1, a category II alternative investment fund focussed on the media and entertainment industry in India. The private cr... Read More


Creation Investments marks final close of second credit fund

New Delhi, Jan. 8 -- Global impact investor Creation Investments Capital Management has marked the final close of Impact Credit Fund II, raising over $46 million (Rs 413 crore) in total commitments. ... Read More


LKP Finance acquires stake in Gyftr, to surrender NBFC licence

New Delhi, Jan. 7 -- LKP Finance Ltd has acquired a stake in Vouchagram Pvt Ltd, in a bid to transition to a payments and rewards-oriented fintech from a non-bank lender. Vouchagram operates under the... Read More


Centrum-backed Modulus Alts hires former UBS exec as CEO

New Delhi, Jan. 7 -- Private credit investor Modulus Alternatives has appointed former UBS AG executive Sandeep Agarwal as its chief executive officer. Agarwal succeeds Rakshat Kapoor, who quit Modul... Read More


HDFC AMC forays into private credit, taps IFC for maiden fund's first close

New Delhi, Jan. 5 -- HDFC Asset Management Company Ltd, which provides mutual fund and portfolio management services, has entered the private credit segment with an alternative investment fund that ha... Read More


Warburg, Kedaara, Mubadala double down on Avanse Financial

New Delhi, Jan. 5 -- Private equity firms Warburg Pincus and Kedaara Capital as well as Abu Dhabi sovereign wealth fund Mubadala have doubled down on their investment in Indian non-bank lender Avanse ... Read More


Anicut Capital closes $142 mn private credit fund

New Delhi, Dec. 24 -- Anicut Capital has completed the final close of its Grand Anicut Fund IV at Rs 1,275 crore ($142 million), marking the firm's third private credit fund. The fund was launched wi... Read More


Piramal Finance to exit Shriram Life, pocket $67 mn from stake sale

New Delhi, Dec. 19 -- Piramal Finance will sell its 14.7% stake in Shriram Life Insurance to Sanlam Emerging Markets (Mauritius) for Rs 600 crore ($67 million). The transaction is expected to close i... Read More


Japan's MUFG Bank to buy 20% stake in Shriram Finance in largest foreign NBFC bet

New Delhi, Dec. 19 -- Japan's MUFG Bank will acquire a 20% stake in Shriram Finance for Rs 39,618 crore ($4.4 billion), marking the largest foreign investment in India's financial services segment. S... Read More