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India: CCI approves merger of Bharat Financial with IndusInd Bank

 |  December 20, 2017

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

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

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