NEW DELHI: Shares of Bharat Financial Inclusion climbed over 7 per cent while those of IndusInd Bank tumbled nearly 3 per cent after ET NOW reported that the two financial institutions were in talks for a possible amalgamation in a share swap deal.“M&A has been very depressed for the past few years. The last time you had high M&A activity was in 2007. The news though did not go down well with IndusInd Bank’s investors, as shares fell 2.68 per cent to Rs 1,273.The exchange has sought clarification from both the companies regarding the same. The reply is awaited.“You are going to see more and more M&A deals come through. I do not want to get into the specific IndusInd case, but this is just the beginning of what is going to be a fairly big M&A cycle in India,” Desai said.

Source: Economic Times February 02, 2017 07:22 UTC