Merger buzz with Clix Capital gives wings to Suryoday SFB; stock zooms 20%

Clix Capital Services, a digital-lending shadow bank, is in merger talks with Suryoday SFB

Shares of Suryoday Small Finance Bank (SFB) were locked in the 20 per cent upper circuit band at Rs 179.40 on the BSE on Monday on report that Clix Capital Services is in merger talks with the lender.

Trading volumes on Suryoday SFB's counter jumped more than five-fold with a combined 1.17 million equity shares having changed hands on the NSE and BSE till 11:21 am. There were a combined pending buy orders for 245,316 shares on both the exchanges, the data shows.

According to a Business Standard report, Clix Capital Services, a digital-lending shadow bank, is in