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The impending merger between IDFC and Shriram Capital has come under regulatory scanner amid a sharp rally in the two group companies.
According to sources familiar with the developments, the Securities and Exchange Board of India (Sebi) has directed stock exchanges to collate information on price movement and trading patterns of the four listed companies belonging to IDFC and Shriram group.
Shares of all the four companies surged ahead of Thursday's announcement that the two groups are set to begin exclusive negotiations for an all-stock merger. IDFC Bank, IDFC, Shriram City Union Finance and Shriram Transport Finance gained 18.3 per
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