New Delhi, Oct 14 India has witnessed a slew of big financial sector deals in the last two years, leading to a huge inflow of foreign capital. Some of the major deals announced during the period are listed below:
Fairfax-IDBI Bank- Fairfax Financial Holdings of Canada, promoted by Prem Watsa, proposed to acquire a 60.72 per cent stake in IDBI Bank for Rs 52,878 crore, marking the largest cross-border investment in India’s financial sector to date.
MUFG-Shriram Fiannce: Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) acquired a 20 per cent stake in Shriram Finance for Rs 39,618 crore (around USD 4.4 billion), the second biggest FDI inflow in the sector in April 2026.
Emirates NBD-RBL Bank: Emirates NBD Bank, the second-largest in the UAE, acquired a majority stake of 60 per cent in RBL Bank for Rs 26,853 crore in May 2026.
SMBC-YES Bank: Sumitomo Mitsui Banking Corporation (SMBC) in May decided to acquire a 20 per cent stake in Yes Bank for Rs 13,483 crore. The deal was concluded in September 2025 with the stake transfer to the Japanese firm.
Blackstone-Federal Bank: Federal Bank board in October, 2025 approved fundraising by issuance of preferential warrant worth over Rs 6,196 crore to Blackstone group entity Asia II Topco XIII Pte Ltd.
IHC-Sammaan Capital: Abu Dhabi-based investor Avenir Investment RSC, an affiliate of International Holding Company (IHC), in October, 2025, agreed to purchase a 43.46 per cent stake in housing finance firm Sammaan Capital for USD 1 billion (about Rs 9,000 crore).
Warburg Pincus & ADIA-IDFC First Bank: IDFC First Bank raised Rs 7,500 crore in aggregate by way of preferential share allotment to arms of Warburg Pincus LLC and Abu Dhabi Investment Authority (ADIA). Both entities together acquired a 15 per cent stake in the private sector bank. The deal happened in April 2025.
Bain Capital-Manappuram Finance: Bain Capital in March, 2025 announced an investment of Rs 4,390 crore to acquire an 18 per cent stake in gold loan provider Manappuram Finance.
As far as the outflow of foreign capital is concerned, one major announcement in this regard was the exit of Allianz of Germany from Bajaj Finserv.
Allianz-Bajaj Finserv: Bajaj Finserv decided to acquire Allianz SE’s 26 per cent stake in the erstwhile Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company for Rs 24,180 crore. The divestment was completed in February 2026.
(PTI News)
