India: IDFC Bank, Shriram Group extend merger deadline

India: IDFC Bank, Shriram Group extend merger deadline

IDFC Bank, Managing director, Rajiv Lall. Photo: Mint

The boards of IDFC Bank Ltd and Shriram Group on Thursday agreed to extend the agreement for their strategic merger till 8 November, as the exclusivity period for discussions ends on 6 October.

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