IndusInd Bank share price touched a fresh record high of Rs 1,771.20, up more than 4 percent intraday after it entered into a confidentiality, exclusivity and standstill agreement with Bharat Financial Inclusion.
“The exclusivity agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the company and Bharat Financial by way of amalgamation through a scheme of arrangement, or any other suitable structure.
Bharat Financial Inclusion also hit a fresh 52-week high of Rs 969.50, up nearly 4 percent.
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