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AU Small Finance Bank And Fincare Small Finance Bank Board Approves An All-Stock Merger

AU Small Finance Bank And Fincare Small Finance Bank Board Approves An All-Stock Merger
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Is a universal banking licence next on AU Small Finance Bank's Sanjay Agarwal's mind

The small finance banker is on the prowl with the merger of Fincare Small Finance Bank with his SFB ....

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AU Small Finance Bank: Merging with Fincare to enter MFI segment, southern markets: AU Small Finance Bank

AU SFB, in a late evening regulatory filing on Sunday, announced its approval of the amalgamation. Post the deal announcement, Fincare s Rs 625-crore initial public offering will be on the back burner, said Divya Sehgal, a nominee director on its board and added that the promoter of the entity will infuse Rs 700 crore into the bank before the merger. ....

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AU SFB acquires Fincare in first consolidation in small finance bank space

The merged entity will have over 98 lakh customers and more than 43,000 employees ....

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AU SFB set to acquire Fincare Small Finance Bank in all-share deal

The shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for every 2,000 shares held. The merger would be effective from February 1, 2024, according to a regulatory filing to stock exchanges late Sunday ....

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