Argus, AZB, SAM lead on merger of GRUH Finance into Bandhan Bank

Argus, AZB, SAM lead on merger of GRUH Finance into Bandhan Bank
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The Board of Directors of Bandhan Bank Limited and HDFC-controlled GRUH Finance Limited have approved the merger of GRUH into Bandhan Bank. This is possibly the largest merger in the financial services space with a current combined market cap of around Rs. 84,000 Crores (USD 12bn). The merger would be subject to regulatory and shareholder approvals.

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