IDFC, Shriram Group Call Off Potential Merger

New Delhi: IDFC Ltd today said the proposed merger between IDFC Group and Shriram Group has been called off as the two were unable to reach a common ground on the share swap ratio.   In July, infrastructure lender IDFC, which entered the banking space in 2015, and Piramal Group's financial services firm Shriram entered an agreement for a merger plan to create the largest retail-focussed bank in the country.   "This is to inform you t...