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
CCI approves Indiabulls Housing Finance and Lakshmi Vilas Bank merger
