 "Lack of succession plans pushing Shriram towards merger, say staff")
The IDFC Group and Shriram Group, which has earlier announced an exclusive discussion period for a proposed merger has been extended to another 34 days, till November 8, 2017. The decision comes after a period of 90 days of exclusive talks for the merger, which has been speculated to see several regulatory hurdles.
A regulatory filing by Shriram City Union Finance Ltd said, "The discussions between the Shriram Group and IDFC Group regarding the potential combination and the due diligence exercise is continuing and the parties have agreed to extend the exclusivity period up to November 8, 2017."
The Groups on July
