They have now since resumed.However, there is no guarantee that the discussions will lead to a transaction, cautioned the officials mentioned above. The matter has also not been deliberated by the board of Bharat Financial, the officials added.“It's not yet clear if it will be an all-stock merger or a buyout by IndusInd. Morgan Stanley Investment is the largest shareholder with 5.5% as on December 31, 2016, followed by Morgan Stanley Mauritius' 5.4%. IndusInd Bank has been trying to grow the MFI book for the last five years and it is now at `3,000 crore, about 2.5-3% of its existing loan book. “Bharat Fin is expecting a valuation of `800 per share and not ready to come down from that price,“ one of the officials mentioned above said.

Source: Economic Times February 03, 2017 03:14 UTC