January 7, 2019 / 12:06 PM / in 14 days

India's Bandhan Bank to buy Gruh Finance in share-swap deal

Jan 7 (Reuters) - India's Bandhan Bank Ltd will buy housing financier Gruh Finance Ltd in a share-swap deal, the companies said here on Monday.

Shareholders of Gruh Finance will get 568 shares of Bandhan Bank for every 1,000 shares held.

Reporting by Chris Thomas and Arnab Paul in BENGALURU; Editing by Subhranshu Sahu

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