Acquires Financial News

On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm's journey to fortify its digital asset venture in the region. This provisional approval allows Upbit Singapore to persist in rendering regulated Digital Payment Token services in alignment with the Payment Services Act 2019, while awaiting the issuance of the full license.

Yes Bank has acquired additional shares in J.C. Flowers Asset Reconstruction (JC Flowers ARC) to reinstate the bank’s stake to 9.9% in the company, the private lender informed in its filing to the exchanges in the wee hours on Saturday. On November 28, 2022, the bank had acquired 9.9% of the equity share capital of JC Flower ARC, which fell to 5.01% as a result of certain corporate actions in JC Flowers ARC, the filing said. «In accordance with a share subscription and purchase agreement, the bank has now acquired additional shares in JC Flowers ARC so as to reinstate the bank’s stake to 9.9%,» the exchange filing said. Shares of Yes Bank ended at Rs 16 on the NSE up 0.63% on Friday. YES Bank reported a 47.4% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 225 crore.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Modern Wealth Management has made its fifth acquisition as the national RIA aggregator continues is rapid growth since launching earlier this year.

Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions.

Gland Pharma's former promoter has acquired GBJ Hotels, which operates the five-star property Hotel Radisson Blu in Coimbatore, said people with knowledge of the transaction. KP Advisory Services, the family office of the promoter Ravi Penmetsa, acquired the five-star property last week in Coimbatore under the corporate insolvency process, the people cited above said. Lenders unanimously voted for KP Advisory Services' Rs 185-crore plan. The resolution professional (RP) had admitted Rs 196 crore in claims, including trade creditors and banks.

Sequoia Financial Group is acquiring M Capital Advisors, a Nashville, Tennessee-based RIA that oversees $930 million in assets, the firm announced Friday.

The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. It is expected to close “within the next several weeks.”

Today, the Depository Trust & Clearing Corporation (DTCC) agreed to acquire blockchain startup Securrency Inc. in a deal worth around $50 million, according to a Bloomberg report. 

Mumbai: In an effort to improve cost efficiency, Tata group’s automobile arm Tata Motors Ltd, on Thursday, announced its plan to acquire a 26.79% stake in Freight Tiger, a digital platform under Freight Commerce Solutions Pvt. Ltd, which is engaged in offering logistics solutions for cargo movement.

Travis Kelce, the famous Kansas City Chiefs tight end, and his surprise obsession with Taylor Swift, the 12-time Grammy award-winning performer. The 34-year-old and 33-year-old have been often seen together, with their most recent public appearance being a photo of them holding hands in New York City. Travis Kelce splurged on Tuesday to protect his family's privacy as public scrutiny mounted.

Brigade Enterprises has concluded the acquisition of a 9.72-acre land parcel in Hyderabad, with the transaction valued at about '660 crore. The acquisition came in the backdrop of an agreement made in August, when the company agreed to purchase the land in Neopolis area at a rate of '68 crore per acre through an e-auction conducted by the Hyderabad Metropolitan Development Authority.

Mercer Global Advisors has acquired a registered investment advisor, Kingfisher Capital, that manages $630 million in assets for more than 200 clients, the company announced Tuesday.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Wheebox, India's online testing firm, on October 3 was sold to Educational Testing Service (ETS), a US-based nonprofit educational assessment organization with an aim to expand the firm's foothold globally, said the company through its press release. Following the acquisition, Wheebox which was a a subsidiary of PeopleStrong will continue to operate independently as a subsidiary of ETS.

Werks – Iron Mountain data centres joint venture has acquired a four-acre land in Ambattur, Chennai, to house two new data centers (CHE-1 and CHE-2) to meet growing customer demand in the region. The two data centers will be built to Tier III standards. They will support 36 megawatts of IT load, further enhancing the company’s rapidly growing pan-India footprint, which will support more than 90 megawatts of new development across the key markets of Pune, Bengaluru, Noida, Mumbai and Hyderabad. “As Chennai is one of India’s most important connectivity hubs, we are thrilled to be building capacity to meet hyperscale, network, content, public sector undertakings and enterprise customer demand,” said Mark Kidd, EVP & Global General Manager, Iron Mountain Data Centers & Asset Lifecycle Management. Chennai is emerging as one of India's fastest-growing data center markets due to its strong interconnection with Singapore and the rest of Asia.

Key Takeaways

NCR-based real estate player Adore Group has acquired 15 acres of land in Sec-84, Faridabad, from Marina Real Estate Builders LLP to develop a luxury real estate project. The premium project with modern architecture will comprise high-rise buildings alongside low-rise builder floors.

Eyewear startup Lenskart’s founder Peeyush Bansal has bought a bungalow in Delhi for a consideration of Rs 18 crore. The 5,056 sq feet property is located in the posh Neeti Bagh area, as per documents by ‘CRE Matrix’, a real estate data analytics firm.

₹879.15 apiece on the BSE. The company said its Singapore subsidiary of NODWIN Gaming acquired a 100% stake in game marketing agency PublishME for a sum of $2 million from its existing shareholders Nazara Technologies and Ozgur Ozalp.

Mumbai: Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management will retain some of its stake, co-owner Everstone will exit as part of the transaction. Brookfield had previously decided to sell a majority stake in Everise, but Tuesday’s statement did not specify whether Warburg indeed acquired a majority stake.