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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