Question
The Competition Commission of India (CCI) has approved
the merger of Fincare Small Finance Bank with AU Small Finance Bank. As per the terms of scheme of amalgamation, how much shall be infused into Fincare SFB prior to the completion of the merger ?Solution
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. As per the terms of scheme of amalgamation, Fincare Business Services, promoter of Fincare SFB, shall infuse Rs 700 crore into Fincare SFB prior to the completion of the merger.
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