According to the report, the swap ratio is likely to be set at 1.5 shares of Bharat Financial Inclusions for every one share of IndusInd bank.
The implied price is likely be set at 10-12 per cent premium over the prevailing market price of Bharat Financial Inclusion, ET Now said.
Earlier in May, the company had said that it was open to complete takeover by a bank or a merger or even a 10 per cent strategic-stake.
Managing Director M R Rao told ET that consultant is evaluating all options including share-swap or all-cash deal.
“We have no bias on any bank. What we are looking at is that which bank would be best suited for the interest of the stakeholders – the customers, shareholders and employees,” Rao had told ET.
Shares of Bharat Financial Inclusion were down 0.3 per cent, while those and those of IndusInd Bank were up 0.2 per cent in Friday’s trade.