Mumbai: Mint brings to you your daily dose of deals news. A look at the top deals reported by newsrooms across the country.

Bajaj Finserv likely to buy out Allianz’s stake in insurance joint ventures

Bajaj Finserv Ltd is likely to buy out its German partner Allianz SE’s stakes in two insurance units—Bajaj Allianz Life Insurance Co. Ltd and Bajaj Allianz General Insurance —in a deal estimated at as much as 10,000 crore, reported Mint. Bajaj Finserv Ltd, the financial services arm of Bajaj Holdings and Investments Ltd, owns 74% and Allianz SE holds 26% in both the ventures. Read more

IIFL looks to raise 750 crore realty debt fund

IIFL AMC Ltd is raising a 750 crore debt fund, which will be India’s first Category III AIF (alternative investment fund) real estate fund, reported Mint. Category III AIFs are allowed to borrow from any lending institution for the purpose of generating higher returns with cheaper capital, apart from tapping investors for money. Read more

Fairfax Financial Holdings seeks RBI approval for 10% stake in Kerala’s Catholic Syrian Bank

Canadian billionaire Prem Watsa’s Fairfax Financial Holdings is looking to acquire more than 10% stake in Kerala-based Catholic Syrian Bank, reported The Economic Times. Watsa’s latest Indian bet is seen as part of the Canadian billionaire’s plan to establish a conglomerate in India with interests in fields ranging from banking, insurance, broking, infrastructure and chemicals. Read more

Nilekani puts $25 million in KKR realty unit

Billionaire and Infosys co-founder Nandan Nilekani has put in about $25 million in a real estate non-banking finance company (NBFC) unit of KKR India, one of the local arms of private equity giant KKR and Co., reported Times of India. The Infosys co-founder made the investment through his family office Entrust some months ago. KKR’s real estate unit has been actively providing structured credit solutions to stressed but fundamentally strong companies in the past 18 months. Read more

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