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Merger of Fincare Small Finance Bank with AU Small Finance Bank receives India clearance

( January 23, 2024, 22:04 GMT | Official Statement) -- MLex Summary: The merger of Fincare Small Finance Bank and AU Small Finance Bank was approved by the Indian antitrust watchdog on Tuesday. AU will be the surviving entity post the merger and shareholders of Fincare will be allotted shares in the merged entity, according to a statement released by the Competition Commission of India. The transaction is, however, still waiting for the approval of the Reserve Bank of India.Statement from the Competition Commission of India follows:...

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