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AZB acted on $2.4bn IndusInd merger with Bharat Financial Inclusion (Jul ‘19)

The board of IndusInd Bank Ltd has approved the merger between the bank and microfinance firm Bharat Financial Inclusion Ltd (BFIL), IndusInd informed the stock exchanges on Saturday. The share exchange ratio for the merger shall be 639 equity shares of the bank for every 1000 equity shares of BFIL.


AZB & Partners advised Bharat Financial Inclusion Limited led by a team of partners Gautam Saha, Heena Singh, Abhinav Ashwin, Bharat Apte, Rajendra Barot, Samir Gandhi and Aditi Gopalakrishnan and partner Rinki Ganguli. Also involved were senior associates Punita Gupta, Pragya Sood, Harshit Chandra, Himanshoo Tembe and Nikita Agarwal.


Deal value: INR 155 Billion / USD 2.4 Billion

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.

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