Tag: Merger

PFC, REC merger approved

The merger of REC into PFC will create a financing entity with an aggregate loan book of over Rs 11 lakh crore, according to a statement. The Share Exchange Ratio...

PFC, REC to merge

“The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption. In order to achieve scale...

Sapphire Foods, Devyani Internationall to merge

“The consolidation of Devyani International Limited and Sapphire Foods India Limited marks a significant milestone and a decisive leap forward in our growth journey,...

Board clears Hinduja Leyland Finance merger with NDL

The board of Hinduja Leyland Finance has approved the merger of the company with NDL Ventures Ltd. (formerly known as NXTDIGITAL Ltd). The merge proposal...

HDFC Bank – Birth of a financial services conglomerate

HDFC, the largest Housing Finance institution, (started as a specialised mortgage company in 1977), fostered and nurtured and now handed over to HDFC Bank,...

From abrasives and bicycles to agrichemicals to finserve… The ‘Gromore’ group

In the early years of independence, the Murugappa Group under the chaimanship of Sir Arcot Ramaswami Mudaliar as Chairman and A M M Murugappa...

Will work only if there are synergies…

A merger of banks may not merely be an arithmetic sum of the strengths of both banks. In some cases, it may be the...

Triveni Sangam: lipstick on a pig?

Want to rescue a sick bank? Well, merge it with a healthy one. There is a convincing case for the merger of Indian banks...

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