IndusInd Bank enters into exclusivity agreement with Bharat Financial

Mumbai, Sep 11 (UNI)Private sector lender, IndusInd Bank has entered into a Confidentiality, Exclusivity, and Standstill Agreement (Exclusivity Agreement) with Bharat Financial Inclusion (BFIL). 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 amalgamation through a Scheme of Arrangement, or any other suitable structure, bank siad in a filing with BSE > The potential transaction would be subject to Due Diligence, Agreement on the appropriate Transaction Structure, Definitive documentation, and Board, Shareholders, Regulatory NCLT and other third-party approvals, as applicable, filing added.

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