IndusInd said to be in advanced talks to acquire Bharat Financial
- IBEF
- March 10, 2017
Mumbai: IndusInd Bank Ltd. is in advanced talks with Bharat Financial Inclusion Ltd, a micro-finance company, for a proposed acquisition in a share swap deal. The deal is expected to value Bharat Financial at a 10 per cent premium to its current market value of US$ 1.7 billion. The acquisition will help IndusInd in targeting banking clients in rural areas with micro-finance loans.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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