IDFC Ltd and Shriram Group are likely to announce a new plan of merger on Monday, improving upon the previous structure that faced resistance, mainly from shareholders of IDFC. The new plan, sources say, could be valuing IDFC higher than what was initially planned and a swap ratio now would be slightly beneficial to the IDFC shareholders, but Shriram shareholders may not lose out much as well. According to an analyst, the new plan may involve not delisting the Shriram Transport Finance arm, as the share swap ratio was skewed because of the transport finance ...
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First Published: Mon, October 30 2017. 01:19 IST
