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Fairstone Bank and Home Trust to Merge, Creating the Leading Alternative Lender in Canada

Fairstone Bank of Canada ("Fairstone Bank") and Home Trust Company ("Home Trust") today announced the signing of a definitive agreement to merge their respective businesses. This transaction will create the leading alternative lender in Canada and boast an extensive Canadian footprint servicing more than 2 million customers with more than 250 branches from coast to coast. The combined business will offer diversified product lines, including residential and commercial mortgages, personal loans, c ....

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Mahindra InvIT: Mahindra's energy InvIT SEIT raises Rs 1,365 cr

Mahindra Group and Ontario Teachers Pension Plan Board have listed their Infrastructure Investment Trust (InvIT) in the renewable energy sector. The InvIT - Sustainable Energy Infra Trust (SEIT) raised a primary capital of Rs. 1365 crore ($165 million) as part of the initial offer of units. The offer was subscribed by global and Indian investors, including Asian Infrastructure Investment Bank (AIIB). ....

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