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IndusInd, Bharat Financial call off deal

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.
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