Brief: IDFC Bank says IDFC Group and Shriram Group call off discussions on potential merger

IDFC

30/10/2017 10:39

Oct 30 (Reuters) - IDFC Bank Ltd  IDFB.NS  
    * IDFC Group and Shriram Group have not been able to reach 
common 
ground on a mutually acceptable swap ratio for merger 
    * Says IDFC Group, Shriram Group agreed to call off 
discussions on 
potential merger  
    * Says exclusivity period pursuant to agreement entered 
into 
between concerned parties stands terminated with immediate 
effect 
 
Source text - http://bit.ly/2yZspxh 
Further company coverage:  IDFB.NS  
 
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