Can you tell me about the 3 way merger in the Shriram Group?

In a 3-way merger; Shriram Capital and Shriram City Union Finance will merge into Shriram Transport Finance and the combined entity will be called Shriram Finance Ltd. The merged entity will have overall AUM of Rs.150,000 crore and a 3,500 POS distribution network. In the stock swap, Shriram Transport will issue 1.55 shares for 1 share of SCUF and 0.097 shares for 1 share of Shriram Capital. Shareholder and regulatory approvals are pending.