IndusInd Bank clears deal to buy Bharat Financial Inclusion
Sat Oct 14 2017
Rajesh Sharma (2002 articles)

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

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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