July 11, 2017

Stocks In News - Merger

Stocks In News - Merger
IDFC, Shriram Capital to announce merger to create USD 10 billion company

  • Merged entity to have co-branding IDFC Shriram
  • Shriram Transport Finance & Shriram City Union to merge with IDFC Bank
  • To seek special permission from RBI to waive SLR, CRR requirement
  • Shriram AMC to merge with IDFC AMC as a listed company under IDFC
  • Shriram Capital's Life & General Insurance to merge with IDFC
  • Piramal Enterprises, Apax to continue being investors in merged entity

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