Suryoday Small Finance Bank calls merger talks with Clix Capital as media speculation

At present, there is no such decision taken by the Board or any of its Committees, which calls for dissemination of information or disclosure of event, company-issued clarification to exchanges.

Sep 13, 2021 04:09 IST India Infoline News Service

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Suryoday Small Finance Bank Limited on Monday reacted to the clarification on the news item “Clix Capital, Suryoday in exploratory merger talks”, which appeared in on September 13, 2021, and would like to clarify that we are unable to comment on media speculation and rumours and it would be inappropriate on our part to do so.

Please be further informed that the management of the Bank continues to explore and evaluate various opportunities or associations in the interest of the Bank, as and when considered appropriate, which is always a subject matter of further feasibility studies and the need for requisite consents in accordance to applicable law and other stakeholders.

“At present, there is no such decision taken by the Board or any of its Committees, which calls for dissemination of information or disclosure of event in terms of regulation 30 of the Listing Regulations. Accordingly, we would be unable to comment upon the said News Article. We are also unable to comment upon the movement observed in trading of our shares,” company said in a regulatory filing on Monday.

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