Indiabulls Housing Finance said it has received approval from the Competition Commission of India for the proposed merger with Lakshmi Vilas Bank. “The Competition Commission of India, at its meeting held on June 20, considered the proposed combination and approved the same,” it said in a regulatory filing on Friday. In April this year, Indiabulls Housing Finance and Lakshmi Vilas Bank had announced the merger, with the intention to create a combined entity with larger capital base and wider geographical reach.
Nod for Indiabulls Housing-LVB merger
Published on
June 21, 2019 15:09