Edition:
India

IndusInd Bank Says ILFS Securities & Services Transaction Is "Progressing Apace"


Monday, 24 Sep 2018 

Sept 24 (Reuters) - Indusind Bank Ltd ::ADVISES THAT ILFS SECURITIES & SERVICES LIMITED TRANSACTION IS "PROGRESSING APACE".SAYS TRANSACTION VALUE IS A FRACTION OF AND FAR BELOW AMOUNT INDICATED IN ARTICLE.ALL REGULATORY APPROVALS FOR DEAL, BARRING ONE SMALL PART OF BUSINESS BEING ACQUIRED ARE IN PLACE.TIMELINE FOR ACQUISITION REMAINS BROADLY ON TRACK.