Anagram Partners advises Fincare Small Finance Bank on its merger with AU SMALL FINANCE BANK

In what could be the first-ever merger in the small finance bank space, Fincare Small Finance Bank is set to merge with AU Small Finance Bank (AU SFB) in an all-share deal. Fincare shareholders will receive 579 shares of AU for every 2,000 shares held. At present, AU's market capitalisation is Rs 46,000 crore, the highest among small finance banks. The market capitalisation of the merged entity will be slightly over Rs 50,000 crore. The deal values Fincare at around Rs 4,416 crore.

Read more at:Fincare SFB to merge with AU Small Finance Bank in all-share deal (business-standard.com)