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IndusInd Bank shares up after merger approval l with Bharat Financial

Shares of IndusIndBank as well as BharatFinancial Inclusion  have advanced during the morning session on Tuesday, after NCLT, Mumbai Bench noded the Scheme of Arrangement amongst BharatFinancialInclusion, IndusIndBank and IndusIndFinancial Inclusion Ltd, the company made statement on Monday post market hours.

Shares of IndusInd Bank is currently (at 11.45am) trading at Rs.1577.90, up by Rs.26.25 or 1.69pc, from its previous close of Rs.1551.65 on the NSE. The stock hit an intraday high and low of Rs.1586 and Rs.1563 respectively.

Bharat Financial Inclusion is trading, at the same time, traded at Rs.997.50 up by Rs19.35 or 1.98%, from its previous close of Rs978.15 on the NSE.  The stock hit an intraday high and low of Rs.1004.80 and Rs.986 respectively.

Meantime, the BSE Sensex traded at 39914-level up by 129points and the NSE Nifty at 11955-level up by 32points.