IndusInd Bank clears deal to buy Bharat Financial Inclusion
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.
Reporting by Tommy Wilkes; Editing by Richard Borsuk
Rules of Discussion on Live Index
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.