| Target | Acquirer/Investor | Details |
| Deutsche Bank (Indian credit card business) | IndusInd Bank Ltd. | IndusInd Bank has acquired the credit card unit of Deutsche Bank in India. Deutsche Bank has 0.15 million active credit cards in the country. |
| Benchmark Asset Management Company Pvt. Ltd. | Goldman Sachs
Asset Management | Goldman Sachs Asset Management is set to acquire Benchmark Asset Management Company with an AUM of around US$700 million. The transaction is expected to close later in the year, subject to regulatory approvals. |
| Reliance Life Insurance Company Limited | Nippon Life Insurance Company | Nippon Life Insurance Company is planning to acquire a 26% stake in Reliance Life Insurance for INR30.62 billion (US$680 million), valuing the insurer at around INR115 billion (US$2.6 billion). The transaction is subject to the requisite regulatory approvals. |
| Sharekhan | Angel Broking | Angel Broking, the retail brokerage firm, is holding talks to acquire a majority stake in its domestic rival Sharekhan. A 51% stake acquisition deal could be worth a minimum of INR8–INR10 billion (US$178–US$222.5 million). The combined entity of Sharekhan-Angel Broking is likely to have 1.8 million customers. |
| Techno Shares & Stocks | Way2Wealth | Way2Wealth, the Indian financial services company, has bought a 51% stake in Techno Shares & Stocks, the Indian retail broking company. The deal size has not been disclosed. Techno Shares is reported to have 250 outlets, including its franchisees, in India. |
| Asuransi Multi Artha Guna | Reliance Capital | Reliance Capital is set to acquire a 63% stake in Asuransi Multi Artha Guna, an Indonesian insurance company, for an estimated amount of US$31 million. Reliance is expected to acquire the stake from Panin, an Indonesian financial services group. |
| MetLife India | Punjab National Bank | Punjab National Bank is close to acquiring a stake of up to 33% in MetLife India. According to sources, valuation talks relating to the deal are ongoing. |
| Shriram Transport Finance | Orix Corporation | Shriram Transport Finance Company has confirmed that Orix Corporation is engaged in discussions with TPG Capital, the private-equity player, for the latter’s 20% holding in Shriram Transport Finance Company for an estimated price of around INR30 billion. |
| Bharti AXA Life Insurance Co. Ltd. and Bharti AXA General Insurance Co. Ltd. | Reliance Industries Limited | Reliance Industries Limited has reached an understanding with AXA and Bharti Enterprises to acquire Bharti’s shareholding of 74% in Bharti AXA Life Insurance Co. Ltd. and Bharti AXA General Insurance Co. Ltd. |
