Shriram Group and IDFC in â¹64,600 crore merger talks
The board of directors of Shriram Capital and IDFC on Saturday announced exploratory merger talks between the two groups to be discussed over a 90-day period. The proposed merger, as both IDFC and Shriram Capital claimed, will create Indiaâs largest mass-retail platform with a universal bank at its core. The merger will reportedly create a $10 billion (â¹64,600 crore) entity.