IndusInd Bank-Bharat Fin merger to be effective from July 4
The National Company Law Tribunal on June 10, 2019, approved the Scheme of Arrangement among BFIL, IndusInd Bank and Induslnd Financial Inclusion and their respective shareholders and creditors.
Jun 20, 2019, 13:06 PM IST
IndusInd Bank to take over micro finance company Bharat Financial Inclusion
As per the merger terms, the shareholders of Bharat Financial will receive 639 shares of IndusInd for every 1,000 shares of Bharat Financial.
Oct 14, 2017, 17:29 PM IST
IndusInd, Bharat Financial enter into merger talks
If the merger fructifies, it will be the third deal for IndusInd Bank, after Deutsche Banks credit card portfolio in 2011 and RBS diamond financing book in 2015.
Sep 11, 2017, 11:32 AM IST
