Fincare SFB - AU Small Finance Bank Merger Announced

Fincare small Finance Bank is to merge with AU Small Finance Bank from 1st February 2024.

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Fincare SFB shareholders will receive 579 AU SFB shares for every 2000 shares held in Fincare SFB.

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Existing shareholders of Fincare SFB will have approximately 9.9% owenership in AU.

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AU SFB also confirmed that Fincare SFB employees will be merged with the AU SFB family.

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Fincare SFB has a strong presence in South India, with 93.6% rural area loans.

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