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Bandhan Bank-Gruh Finance merger

Bandhan Bank gets RBI nod for acquiring Gruh Finance

Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over in January by Kolkata-based Bandhan Bank in a share-swap deal.

Mar 18, 2019, 10:27 AM IST

Bandhan snaps up HDFC arm Gruh Finance in an all-stock deal

The boards of the both the lenders fixed a share exchange ratio at 568 equity shares of Bandhan Bank with face value of Rs 10 for 1,000 shares of Gruh Finance which has a face value of Rs 2 each.

Jan 08, 2019, 09:51 AM IST