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GRUH Finance gets nod for scheme of amalgamation with Bandhan Bank

08 Jan 2019 Evaluate

GRUH Finance has received approval for scheme of amalgamation between the company and Bandhan Bank. The proposed amalgamation would be in the best interest of the Amalgamating Companies and their respective shareholders, employees, creditors and other stakeholders. The Board of Directors of the Company at its meeting held on January 07, 2019 has approved the same.

Both the companies have developed exceptional skills in banking business and housing finance business respectively. The company has a wide range of home loan products with a specific rural focus. With a retail network of 195 branches, it has a presence in 11 States and 1 Union Territory in India with almost 50% of the existing loan assets advanced in rural areas.

GRUH Finance is a Housing Finance Company recognized by National Housing Bank. Gruh offers loans to individuals for purchase, construction, repairs, renovation of dwelling units.

Gruh Fin.-Amalgamat Share Price

317.30 0.00 (0.00%)
15-Oct-2019 18:59 View Price Chart
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