trending Market Intelligence /marketintelligence/en/news-insights/trending/gyVQG9db-evcXTaADVNAJA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

IDFC to sell securities unit to former Axis Capital CEO

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


IDFC to sell securities unit to former Axis Capital CEO

India's IDFC Ltd. plans to sell its unit, IDFC Securities Ltd., to former Axis Capital Ltd. Managing Director and CEO Dharmesh Mehta, along with other investors.

IDFC entered into an understanding with Mehta and the other investors for the potential acquisition, according to an Aug. 14 filing with the BSE.

Under the plan, Mehta and the other investors will acquire the entire stake in the securities unit from IDFC's unit, IDFC Financial Holding Co. Ltd. The financial terms of the deal were not disclosed.

The involved parties will sign a definitive agreement for the acquisition soon. Completion of the deal is subject to regulatory approvals.

In February, IDFC entered into an understanding to sell a stake in IDFC Securities to private equity firm The Chatterjee Group. However, IDFC said in July that it decided to drop the deal after it was unable to extend its agreement with private equity firm after it lapsed on June 30.