Indian private sector lender IndusInd Bank and local microfinance firm Bharat Financial Inclusion have entered into exclusive talks for a merger.

“The Exclusivity Agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the company and BFIL by way of ambulation through a Scheme of Arrangement, or any other suitable structure,” IndusInd said in a filing to the stock exchange.

The companies, however, did not reveal any further terms of the deal or the exclusivity period duration.

However, according to media reports, the merger if materialised is likely to be structured as a share swap deal and the swap ratio in consideration is one IndusInd share for 1.75 shares of Bharat Financial.

The negotiations are subject to due diligence, shareholders, regulatory, NCLT and other third-party approvals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.