IFLR1000

Gruh Finance / Bandhan Bank merger

17/10/2019
Merger
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Re 208 billion

$ 3 billion

Completed

17/10/2019

Overview:

  • Housing and rural finance company Gruh Finance has merged with financial services company Bandhan Bank.
  • The Housing Development Finance Corporation (HDFC) acted as promoters of Gruh Finance.

  • The merger will result in a combined entity of $12 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Merger

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:
Argus Partners

Party: Gruh Finance (Merger party)

AZB & Partners

Party: Housing Development Finance Corporation (HDFC) (Merger party)

Lawyers: Ashwath Rau, Zia Mody

Shardul Amarchand Mangaldas & Co

Party: Bandhan Bank (Merger party)

Lawyer: Raghubir Menon

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