Bharat Financial says open to merger or acquistion

Bharat Financial Inclusion, which on Monday reported a net loss of Rs 235 crore for the quarter ending on March 31 (Q4), has confirmed the market buzz that the microfinance institution (MFI) is open to a merger or acquisition.
 

In a communication to stock exchanges, Bharat Financial, formerly SKS Microfinance, said, “In the changing landscape of MFI sector, the company continues to explore a range of strategic options, including merger with or acquisition of a bank or financial institution.”
 

For some time, there has been a strong buzz that the micro lender could merge its operations with IndusInd Bank. However,