India: IDFC, Shriram Group call off exclusive merger talks

India: IDFC, Shriram Group call off exclusive merger talks

Photo: Aniruddha Chowdhury/Mint

IDFC Ltd on Monday said that IDFC Group and the Shriram Group have agreed to call off exclusive negotiation period for the proposed merger of the two companies.

“Despite best efforts, IDFC Group and Shriram Group have not been able to reach common ground on mutually acceptable swap ratio,” IDFC said in a BSE filing.

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