CCI approves merger of Fincare SFB with AU SFB
ECONOMY & POLICY

CCI approves merger of Fincare SFB with AU SFB

The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. In October last year, the board of directors of AU Small Finance Bank (AU SFB) and that of Fincare Small Finance Bank (Fincare SFB) approved an all-stock merger of AU SFB and Fincare SFB.

As per the terms of scheme of amalgamation, Fincare Business Services, promoter of Fincare SFB, shall infuse Rs 700 crore into Fincare SFB prior to the completion of the merger.

"CCI vide its letter dated January 23, 2024 has communicated that CCI in its meeting held on January 23, 2024, considered and approved the proposed combination involving amalgamation of Fincare Small Finance Bank Limited into and with AU Small Finance Bank...," AU SBF said in the filing to stock exchanges.

The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. In October last year, the board of directors of AU Small Finance Bank (AU SFB) and that of Fincare Small Finance Bank (Fincare SFB) approved an all-stock merger of AU SFB and Fincare SFB. As per the terms of scheme of amalgamation, Fincare Business Services, promoter of Fincare SFB, shall infuse Rs 700 crore into Fincare SFB prior to the completion of the merger. CCI vide its letter dated January 23, 2024 has communicated that CCI in its meeting held on January 23, 2024, considered and approved the proposed combination involving amalgamation of Fincare Small Finance Bank Limited into and with AU Small Finance Bank..., AU SBF said in the filing to stock exchanges.

Next Story
Real Estate

Bennett Coleman Acquires Four Commercial Spaces in Mumbai

Bennett Coleman And Company Limited (The Times of India Group) has acquiring four commercial spaces in Santacruz East, Mumbai. The total transaction value across these deals amounts to Rs 2.61 billion, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. All the four transactions were officially registered in March 2025.Santacruz East, strategically located in Mumbai’s western suburbs, is a sought-after commercial destination due to its proximity to key business districts such as Ban..

Next Story
Equipment

Dynapac Partners with Sai Chaitanya Equipments for North Maharashtra

Dynapac, a global leader in the manufacturing of high-quality road construction and compaction equipment, is pleased to announce a strategic partnership with Sai Chaitanya Equipments as its Authorised Channel Partner for the North Maharashtra and Marathwada region.This partnership marks a significant step in Dynapac’s efforts to expand its presence and better serve customers in these important regions of India. Sai Chaitanya Equipments brings valuable market expertise and a deep understanding of local customer needs, positioning them as an ideal partner to help Dynapac drive growth, extend i..

Next Story
Infrastructure Urban

Alleima Expands Commitment to Women’s Safety Initiative in PCMC

As part of the Damini Sakhi programme, the Dapodi-based company is funding a public awareness campaign featuring Information, Education and Communication (IEC) materials. Alleima India reinforces its commitment to women’s safety by launching a bus campaign ensuring emergency helpline numbers are accessible to women in distress. Thousands of women rely on public transport for their daily commute in the Pimpri Chinchwad Municipal Corporation (PCMC) area. To ensure emergency helpline numbers are accessible for women in distress, Alleima India has decided to continue its commitment to women’s..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?