 "Handshake")
In what would be the largest deal in the microfinance space, Hinduja-promoted IndusInd Bank is in talks to take over Bharat Financial Inclusion in an all-stock transaction valuing the latter at approximately Rs 12,000 crore.
A source close to the transaction said the swap ratio for the merger is currently under negotiation and an announcement is expected soon. The recent run-up in the Bharat Financial’s share price from Rs 500-levels in December last year to the current market price of Rs 851 a share has increased the valuation of the microfinance company by 70 per cent – much to
A source close to the transaction said the swap ratio for the merger is currently under negotiation and an announcement is expected soon. The recent run-up in the Bharat Financial’s share price from Rs 500-levels in December last year to the current market price of Rs 851 a share has increased the valuation of the microfinance company by 70 per cent – much to
