CCI approves Indiabulls Housing Finance and Lakshmi Vilas Bank merger

Competition Commission of India (CCI) approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank.
Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance .
A share swap deal with intent to create a combined entity with a larger capital base and wider geographical reach.
After the merger, Indiabulls Housing Finance will get access to low cost deposits
A geographical diversification and expanded client base and cross selling opportunities.

About Competition Commission of India (CCI)
Founded: 14 October 2003
Objectives: Prevent activities that have an adverse effect on competition in India, MORE
Headquarters: New Delhi
First executive: Dhanendra Kumar