Bharat Financial Inclusion informs about updates

14 Mar 2018 Evaluate

As under Regulation 30 (LODR), Bharat Financial Inclusion has informed that the Composite Scheme of Arrangement (Scheme) between IndusInd Bank Limited (Bank) and Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) (BFIL) for the amalgamation of BFIL with the Bank, as approved by the Board of Directors of the Bank and BFIL on October 14, 2017, subject to receipt of applicable regulatory approvals. The amalgamation had received the approval of the Competition Commission of India on December 19, 2017. In this regard, the Company have been informed by the Bank that the Reserve Bank of India has, vide its letter dated March 13, 2018 conveyed its no objection for the voluntary amalgamation of BFIL with the Bank, subject to compliance with the terms and conditions specified therein.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bajaj Finance 7340.75
Shriram Finance 2732.05
Aditya Birla Capital 239.95
SBI Cards AndPayment 728.10
L&T Finance 181.85
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