Bandhan Bank, built out of the performing Microfinance company, is now buying a small housing loan company, GRUH Finance. This is a deal that’s taken both stocks down since the announcement - with Bandhan falling to the level that it listed at after its IPO.
At Capitalmind, we take a look at what’s happened. Bandhan and Gruh: The Combined Structure Bandhan will buy Gruh with a stock swap. For every 1000 shares you own of GRUH you will receive 568 shares of Bandhan Bank.
This is good in one way - both Bandhan and Gruh are richly valued . . .