India: IDFC, Shriram merger gets into soup over valuation

India: IDFC, Shriram merger gets into soup over valuation

IDFC Bank chief Rajiv Lall. Photo: Aniruddha Chowdhury/Mint

Differences over the valuation of IDFC Ltd have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 billion, said three people aware of the development.

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