The IDFC-Shriram Capital Merger Proposal...

All operating businesses of both groups to come under IDFC Ltd Group with a holding company structure.

The retail-centric business of Shriram Capital, mainly Shriram City Union Finance, or SCUF, to be absorbed into IDFC Bank.

Shriram Transport Finance Company, or STFC, to remain a standalone independent entity under the holding company. IDFC Ltd to own a substantial stake in life insurance and general insurance arms of Shriram.

Valuations and details of the deal to be decided in 90 days. A single composite scheme of amalgamation route (to be approved only once by boards and regulators) may take 10-12 months.