IndusInd Bank, Bharat Financial gain post signing pact for exploring merger

BFIL was trading nearly 2% higher at Rs 951, while IndusInd Bank up almost 1% at Rs 1,706 on BSE

Shares of IndusInd Bank and Bharat Financial Inclusion (BFIL) were trading 1% higher after the board of directors of respective companies signed agreement for exploring merger.

At 09:25 AM; BFIL was trading nearly 2% higher at Rs 951, after hitting high of Rs 956 in intra-day trade on BSE. IndusInd Bank gained 1.6% to Rs 1,723 in early morning deal, was up almost 1% at Rs 1,706. On comparison, the S&P BSE Sensex was up 0.52% at 31,853.

The board of directors of IndusInd Bank has on Monday, September 11, 2017 entered into a “confidentially, exclusively and standstill