A PYMNTS Company

India: CCI approves merger of Bharat Financial with IndusInd Bank

By  |  December 20, 2017

Fair trade regulator CCI has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Competition Commission of India (CCI) intimated that the commission in its meeting held today considered the proposed combination and approved the same, a regulatory filing on stock exchanges by both companies said.

    The scheme remains subject to the receipt of approval from the RBI and regulatory approval including approvals of the stock exchanges, Sebi, the National Company Law Tribunal and respective shareholders, it said.

    Full Content: India Infoline

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.