IDFC Bank-Shriram Group merger: Who gains and who loses from the deal?
Under the plan, all operational entities under the Shriram Group will move under the IDFC umbrella.Updated: Jul 10, 2017 12:08 IST
There is no prize for guessing why the IDFC Group wants to merge with the Shriram Group. Rajiv Lal promoted IDFC Bank Ltd is a clear winner in the proposed three-tier merger plan of the two groups.
Under the plan, all operational entities under the Shriram Group will move under the IDFC umbrella, Shriram City Union Finance (SCUF) will be merged with IDFC Bank while the most valued company in the group: Shriram Transport Finance (STFC) will remain as a separate entity.
Once executed, the new entity will be IDFC Ltd at the top holding a combined insurance subsidiary, asset management arm, STFC and IDFC Bank.
Read the full story on Livemint here.
(Published in arrangement with Livemint)
First Published: Jul 10, 2017 12:08 IST