Titan Firm buys majority stake in Dubai’s jewelry chain Damas for $283 mn

[ad_1] New Delhi: Watch and jewelry retailer Titan Firm Ltd, by means of its wholly owned subsidiary Titan Holdings Worldwide, on Monday introduced the acquisition of a majority stake in Dubai-based jeweller Damas Llc (UAE) for $283 million or 1.04 billion dirham. Titan, through its absolutely owned arm, has entered an settlement to accumulate a … Read more

Allianz Life confirms information breach affecting majority of 1.4M US clients

[ad_1] MINNEOLIS — Hackers gained entry to private information on nearly all of the 1.4 million clients of Allianz Life Insurance coverage Firm of North America, the corporate confirmed Saturday. Minneapolis-based Allianz Life, a subsidiary of Munich, Germany-based Allianz SE, mentioned the info breach occurred on July 16 when a “malicious menace actor” gained entry … Read more

Swiss PE firm Partners Group to acquire majority stake in Infinity Fincorp for $230 mn, outbids Advent and Creador

[ad_1] Swiss private equity firm Partners Group is set to acquire a majority stake in shadow lender Infinity Fincorp for ₹1,950 crore ($230 million), the companies said on Thursday. The transaction includes a primary capital infusion of ₹600 crore ($70 million) and a secondary purchase of shares from existing shareholders, including Indium IV (Mauritius) Holdings, … Read more