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Khazanah-linked IDFC-Shriram Group merger is said to be called off as talks fail

Mimi Sabreena 5:05:00 PM Informasi

MUMBAI/KUALA LUMPUR (Oct 30): The proposed merger between IDFC Group and Shriram Group will be called off as talks between the two parties have failed, people with knowledge of the matter said.

Some shareholders of IDFC Ltd were not happy with the valuation proposed, the people said, asking not to be identified because the details are private. The IDFC board will meet Monday to discuss second-quarter results, as well as the merger, the people said.

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