Mitsubishi UFJ Financial Group Inc (MFZ.SG)
- Bloomberg
MUFG Said to Discuss Buying $1.7 Billion Stake in HDFC Unit
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to
- Reuters
Japan's MUFG to buy stake in India's HDFC Bank unit HDB Financial, Economic Times reports
BENGALURU (Reuters) -Japan's Mitsubishi UFJ Financial Group (MUFG) is buying a 20% stake in HDFC Bank's non-banking unit HDB Financial Services, valuing the IPO-bound subsidiary between $9 billion and $10 billion, the Economic Times reported on Friday. The final decision is likely to take place next week at the HDFC Bank board meeting, according to the report, which cited people familiar with the matter. MUFG is set to pick up the stake in the unit for $2 billion, and the deal is being done at five times the book value, the Economic Times reported.
- Zacks
AllianceBernstein (AB) and Societe Generale (SCGLY) Form a JV
AllianceBernstein (AB) and Societe Generale (SCGLY) form Bernstein, which combines their cash equities and equity research businesses.
