Neoen, a French renewable energy producer, has moved ahead with the first tranche of 209MW of its Goyder South Stage 1 wind farm in Australia, following the completion of the financial close last month. Situated near Burra in the Mid North region of South Australia, the Goyder South Stage 1 wind farm will have a […]
HSBC Holdings, through its wholly-owned subsidiary HSBC Overseas Holdings (UK), has agreed to sell HSBC Canada to the Royal Bank of Canada (RBC) for a cash consideration of CAD13.5 billion ($10.1 billion). Under the agreement, RBC will acquire 100% of the issued common equity of HSBC Canada, apart from all the preferred shares and the […]
HSBC has signed an all-cash deal worth $575 million through its fully-owned subsidiary — HSBC Insurance (Asia-Pacific) to acquire AXA Insurance Pte Limited (AXA Singapore), the insurance operations of AXA in Singapore. AXA Singapore, which is a composite insurer, offers life and savings, health and property and casualty (P&C) solutions to nearly a million customers. […]
Shriram Transport Finance Company (STFC) said that it has raised INR 1,998.98 crores through a qualified institutions placement (QIP) of equity shares. The non-banking finance company, which is part of the Shriram group, had launched the QIP on 7 June 2021 and is said to have received 6.3x oversubscription. The QIP, which saw the participation […]
HSBC Continental Europe (formerly HSBC France) will divest its French retail banking business to Cerberus Capital Management-controlled My Money Group for a nominal price of €1, leading to a pre-tax loss of around €1.9 billion. In this connection, the HSBC subsidiary has signed a memorandum of understanding (MOU) with Promontoria MMB SAS (My Money Group), […]
Satin Creditcare Network Limited (SCNL) has introduced UPI AutoPay in an effort to make loan EMI payments more seamless for its customers. The Indian microfinance institution said that UPI AutoPay will also help drive financial inclusion and increase cashless transactions in the country. Launched by the National Payments Corporation of India (NPCI) in 2020, UPI […]
Quantexa, a UK-based contextual decision intelligence software company that helps organizations to drive improved decisions from their data, has secured $64.7 million in a Series C funding round led by Evolution Equity Partners. The funding round also saw the participation from existing investors Dawn Capital, HSBC, and AlbionVC. Also taking part in the Series C […]