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IndusInd Bank in talks with Bharat Financial to pursue merger

Reuters 

- Ltd said on Monday it would enter into exclusive talks with Financial Inclusion Ltd to pursue potential between the two financial firms.

"The Exclusivity Agreement provides for mutually agreed exclusivity period for due diligence and discussions to evaluate potential strategic combination between the company and BFIL (Financial)," said in filing to exchanges.

IndisInd did not provide further details regarding the talks, including whether there was deadline.

For filing. (http://bit.ly/2xV7t8K)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Rafael Nam)

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

First Published: Mon, September 11 2017. 09:24 IST
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