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Shareholders of Bharat Financial will meet over merger with IndusInd Bank next month
Bharat Financial Inclusion Ltd (BFIL) on Saturday said its shareholders' meeting will be held on December 11 to approve the merger of the microfinance company with IndusInd Bank. The NCLT issued a directive on October 31, 2018, to hold the meeting of the equity shareholders for approving the composite scheme of amalgamation. IndusInd Bank in October last year decided to acquire the country's leading micro-finance player BFIL, which was previously known as SKS Microfinance.
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