 "IDFC Bank snaps up Grama Vidiyal Microfinance")
Shares of IDFC, IDFC Bank, Shriram Transport Finance and Shriram City Union Finance were trading weak in otherwise firm market after IDFC and Shriram group on Saturday said they had entered 90 days of merger talks.
Among the individual stocks, Shriram City Union Finance and Shriram Transport Finance were down4% each at Rs 2,386 and Rs 1,044, respectively. IDFC was down 3% at Rs 58, while IDFC Bank 2% at Rs 63, after hitting high of Rs 69 on BSE in intra-day trade. At 09:30 am; the S&P BSE Sensex was up 0.75% or 235 points at 31,596.
Among the individual stocks, Shriram City Union Finance and Shriram Transport Finance were down4% each at Rs 2,386 and Rs 1,044, respectively. IDFC was down 3% at Rs 58, while IDFC Bank 2% at Rs 63, after hitting high of Rs 69 on BSE in intra-day trade. At 09:30 am; the S&P BSE Sensex was up 0.75% or 235 points at 31,596.
