Business

CCI gives approval for Indiabulls, LVB merger

The Competition Commission of India (CCI) has approved the proposed scheme of amalgamation of Indiabulls Housing Finance Ltd. (IHFL) and Indiabulls Commercial Credit Ltd. with Lakshmi Vilas Bank Ltd. (LVB). The scheme of amalgamation remains subject to receipt of applicable regulatory and other approvals. The approval of the scheme were announced by IHFL and LVB separately in regulatory filings on Friday. The proposal was considered by the CCI at its meeting held on June 20, IHFL said.

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Printable version | Feb 18, 2020 12:15:34 PM | https://www.thehindu.com/business/cci-gives-approval-for-indiabulls-lvb-merger/article28103042.ece

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