MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal
The acquisition will support MoonPay’s aim of supporting mass adoption of tokenized real-world assets, CEO Ivan Soto-Wright said.
The Competition Commission of India (CCI) recently approved Fairfax India Holdings Corporation's plan to increase its stake in IIFL Capital Services. Fairfax India Holdings Corporation, through its Mauritius-based affiliate FIH Mauritius Investments Ltd (FIHM), is acquiring shares in IIFL Capital Services. The proposed deal involves FIHM purchasing new equity shares through a private placement and acquiring shares tendered by public shareholders under a mandatory open offer.
Additionally, FIHM may buy additional shares from the target company's promoters if its shareholding remains below a certain threshold after the primary subscription and open offer. The acquirer may also make secondary purchases if needed to maintain the required shareholding. Fairfax India Holdings Corporation is a Toronto-listed company owned wholly by Fairfax Financial Holdings Ltd, a Canadian property and casualty insurance company with operations in India.
IIFL Capital Services is a Sebi-registered financial services firm offering wealth management, investment banking, broking, and research services to high-net-worth and ultra-high-net-worth individuals and family offices in India.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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