IndusInd Bank adds 2% on NCLT nod for merger with BFIL

Shares of IndusInd Bank added nearly 2 percent intraday on April 24 after National Company Law Tribunal (NCLT) reportedly approved merger with Bharat Financial Inclusion (BFIL).

According to a report in The Economic Times, the merger will be completed within 2-4 weeks.

Post-merger, BFIL will become a subsidiary of the private lender.

The share of the bank touched its 52-week high of Rs 2,037.90 and 52-week low of Rs 1,333.90 on August 3, 2018 and October 31, 2018, respectively.