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Bharat Financial up 3.3% on merger talks

Tue, Sep 12 2017, 06:05 PM

Shares of microfinance company Bharat Financial Inclusion (formerly, SKS Microfinance) gained 3.3% on Monday as the company announced that it had entered into an exclusive discussion with IndusInd Bank to explore a merger of the two companies. In the past month, the Bharat Financial stock has gained 23%. Shares of IndusInd bank rose 5.6% on Monday.