Stock Advisory in Indore >> Bharat Financial Inclusion close to finalizing a buyer

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Bharat Financial Inclusion Ltd, India’s first listed micro lender, is close to finalizing a buyer in what could be an all-stock deal, two persons aware of the matter said.

Credit Suisse, the investment bank appointed by Bharat Financial, formerly known as SKS Microfinance Ltd, is in the final stages of discussion with the two potential buyers, IndusInd Bank Ltd and RBL Bank Ltd, and a deal is likely to be announced within the month, the two said on condition of anonymity.

The deal will likely be an all-stock transaction. The swap ratio being considered is one share of IndusInd Bank for 1.75 shares of Bharat Financial; for RBL, the proposed swap ratio is 2:1, said one of the two people.