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IndusInd Bank in talks with Bharat Financial to pursue merger


REUTERS - IndusInd Bank Ltd said on Monday it would enter into exclusive talks with Bharat Financial Inclusion Ltd to pursue a potential merger between the two financial firms."The Exclusivity Agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the company and BFIL (Bharat Financial)," IndusInd Bank said in a filing to exchanges. IndisInd did not provide further details regarding the talks, including whether there was a deadline.For filing. ( (Reporting by Jessica ...

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