IndusInd, Bharat Financial call off deal
Thursday, March 2, 2017, 8:42 PM
IndusInd Bank which is controlled by the Hinduja Group was looking into acquiring a stake in Bharat Financials. IndusInd Bank has called off the deal, on valuation concerns. Other banks are also in the race to buy a stake in Bharat Financials. No strong player has emerged so far. After demonetization, stocks of Bharat Financial were hit. The stock has since picked up.