BFIl shares end with nearly 2% up; IndusInd Bank slips

Published on: 

Shares of Bharat Financial Inclusion ltd (BFIl) on Monday ended with nearly 2 per cent gains as IndusInd Bank will acquire the country’s second largest microfinance player. The stock settled at Rs 1,019.10, up 1.56 per cent on BSE. During the day, it gained 4.29 per cent to Rs 1,046.50. Shares of IndusInd Bank, however, fell by 1.87 per cent to close at Rs 1,717.35. Intra-day, it lost 2.85 per cent to Rs 1,700.10. IndusInd Bank on Saturday said it will acquire country’s second largest microfinance player Bharat Financial Inclusion ltd (BFIl) and the transaction is expected to be completed in the next 10 months.                      

Daily Pioneer
dailypioneer.com