Jointly by Bandhan Bank Limited, Kolkata, West Bengal and Gruh Finance Limited, Ahemdabad, Gujarat
CCIC-2019/02/641
A compact analysis
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Summary under Regulation 13 (1B) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations), Regulations, 2011 (as amended)
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- (a) Parties to the Combination
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- Bandhan Bank Limited ( Bandhan Bank ); and
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- GRUH Finance Limited ( GRUH ).
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- (b) Type of the Combination
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- The proposed transaction relates to the amalgamation of GRUH into Bandhan Bank ( Proposed Combination ). Bandhan Bank and GRUH are collectively referred to as the Parties .
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- The Proposed Combination is proposed to take place through a scheme of amalgamation under Sections 230 – 232 of the Companies Act, 2013, approved by the board resolution passed by the boards of directors of each of the Parties, and a Merger Co-operation Agreement executed between the Parties. The Proposed Combination is in the form of an amalgamation and falls under Section 5(c) of the Competition Act.
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(c) Area of Activity of the Parties to the Combination
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Bandhan Bank
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