The National Company Law Tribunal (NCLT) has directed Bandhan Bank to call a meeting of its equity shareholders to rubber-stamp the proposed merger with Gruh Finance. The Kolkata bench of NCLT has dispensed with the requirement of the meeting of the unsecured creditors of the bank. The proposed merger has already received clearance from regulators the RBI and the Securities & Exchange Board of India.
Read EquityPandit’s Technical Analysis of Indian Stock Market
Signals, Powered By EquityPandit