Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance Clusters

IDFC Bank-Shriram Group Might Call Off Merger Talks

Differences over the valuation of IDFC Ltd have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 billion, said three people aware of the development.

author-image
SMEStreet Desk
30 Oct 2017 05:33 IST

Follow Us

New Update
Rajiv Lall, IDFC, SMEs, Digital Lending,

Differences over the valuation of IDFC Ltd have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 billion, said three people aware of the development.

Shareholders of IDFC such as Enam Holdings Pvt. Ltd and Sipadan Investments (Mauritius) Ltd, a subsidiary of Malaysian sovereign wealth fund Khazanah Nasional Bhd, have demanded a higher valuation for the company, citing bright prospects for IDFC Bank Ltd and other subsidiaries, the people said on condition of anonymity.

IDFC and Shriram announced their merger plan on 8 July, agreeing on a 90-day exclusivity period for completing the due diligence process. The exclusivity period was later extended until 8 November.

LiveMint Reports

IDFC Shriram Capital Shriram Group Merger
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!