The Competition Commission of India (CCI) has approved the merger of Indiabulls Housing Finance Limited (IBHFL) and Indiabulls Commercial Credit Limited (ICCL) with Lakshmi Vilas Bank Limited (LVB).
— Business Standard
The board of Lakshmi Vilas Bank [in April] approved the merger of the private sector lender with Indiabulls Housing Finance (IBH) through a share swap deal. The merger will help Indiabulls get access to low-cost stable funds and an entry into banking. The company, the nation’s second largest housing finance firm, had unsuccessfully applied for a banking licence in 2013.
— Hindu Business Line
Khaitan & Co advised
2019-04-05
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.