Experian has increased its bid to Rs27 from Rs25 per share to buy minimum 26% stake in High Mark, the debt-ridden and cash-strapped credit bureau from India. The question, however, is whether High Mark would exist post the deal or will it be merged with Experian
Moneylife Digital Team
Experian Credit Information Company of India Pvt Ltd (Experian India), one of the four credit information companies (CICs) in India licensed by the Reserve Bank of India (RBI),
is about to seal a deal with High Mark Credit Information Services Pvt Ltd (High Mark). The due diligence process initiated by Experian is likely to end by this week, say our sources.
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