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    Question

    The Competition Commission of India (CCI) has approved

    the merger of Fincare Small Finance Bank with AU Small Finance Bank. As per the terms of scheme of amalgamation, how much shall be infused into Fincare SFB prior to the completion of the merger ?
    A Rs.700 crore Correct Answer Incorrect Answer
    B Rs.820 crore Correct Answer Incorrect Answer
    C Rs.950 crore Correct Answer Incorrect Answer
    D Rs.1040 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. As per the terms of scheme of amalgamation, Fincare Business Services, promoter of Fincare SFB, shall infuse Rs 700 crore into Fincare SFB prior to the completion of the merger.

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