Mergers Acquisitions

Fincare Small Finance Bank merger with AU SFB gets RBI nod

All the branches of Fincare Small Finance Bank Ltd will function as branches of AU Small Finance Bank Ltd with effect from April 01, 2024

IOC acquires Mercator Petroleum for Rs 148 crore

MPL has an onland oil and gas exploration block located in Cambay Basin, Gujarat. The block CB-ONN-2005/9, which the company had won in 7th NELP bid round in 2008, has potential oil discovery of 45.5 million barrels of inplace reserves.

Kotak Bank gets RBI nod for acquisition of microlender Sonata Finance

"RBI has, vide its letter dated October 19, 2023 received by the Bank on October 19, 2023, conveyed its approval to the Bank, for acquiring 100 per cent of the issued and paid up capital in Sonata," a regulatory filing by Kotak Mahindra Bank said.