Mon, Apr 01, 2024
In an all-stock merger deal first announced on October 29, 2023, where the shareholders of Fincare SFB received 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB, the merger received final approval from RBI on March 4, 2024, with the effective date of April 1, 2024.
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Mon, Mar 04, 2024
The effective date of amalgamation will be April 1 this year, and all the branches of Fincare SFB will function as branches of AU SFB from that day, the Reserve Bank said in a release.
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