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IndusInd Bank Clears Deal To Buy Bharat Financial Inclusion – NDTV Profit

Banking & Financial Services

IndusInd Bank Clears Deal To Buy Bharat Financial Inclusion – NDTV Profit


Under the deal, IndusInd will exchange 639 of its shares for every 1,000 shares in Bharat Financial, the bank said in a stock exchange filing after a board meeting.

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IndusInd announced it had entered exclusive talks with Bharat Financial in September.

New Delhi: India’s IndusInd Bank Ltd said on Saturday it has approved a deal to buy Bharat Financial Inclusion Ltd.

Under the deal, IndusInd will exchange 639 of its shares for every 1,000 shares in Bharat Financial, the bank said in a stock exchange filing after a board meeting.

IndusInd announced it had entered exclusive talks with Bharat Financial in September.

© Thomson Reuters 2017

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Story first published on: October 14, 2017 15:51 (IST)

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