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The merger between AU Small Finance Bank (AU SFB) and Fincare Small Finance Bank (Fincare SFB) was structured as an all-stock transaction. Under the agreed share exchange ratio, shareholders of Fincare SFB received 579 equity shares of AU SFB for every 2,000 equity shares they held in Fincare SFB. ​

This merger, effective from April 1, 2024, has created a robust banking entity with a combined customer base exceeding 10 million, a workforce of over 43,500 employees, and a network of more than 2,350 physical touchpoints across 25 states and union territories. ​

The consolidation is expected to enhance AU SFB's presence, particularly in Southern India, significantly expanding its distribution network and facilitating the delivery of a diverse range of financial products and services to a broader customer base.

8 months ago

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8 months ago

The National Stock Exchange (NSE) has made another attempt to secure a No Objection Certificate (...

8 months ago

Company is planning to raise up to Rs 700 crore through an IPO

8 months ago

ICRA Rating of Spray Engineering

8 months ago

Vyara Tiles plans to raise capital via its IPO by issuing up to 44,00,000 equity shares through a fresh issue.

Hi, if anyone is interested in unlisted shares at a lower price, feel free to contact me. 

 

8 months ago

Financials of Pharmed Limited Unlisted Shares are updated for 2022

8 months ago

Financials of Pharmed Limited Unlisted Shares are updated for 2023