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. (http://bit.ly/2xV7t8K)
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(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Rafael Nam)
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