Merger of Centurion Bank of Punjab and HDFC Bank • Altaf Hussain Siddiqui • Rahul Dhandania • Pankaj Singh • Vikram Duggal • Rajendra. created value to the shareholders. Hence this study of the merger of Centurion Bank of Punjab with HDFC bank. Keywords: Banks, Merger and Acquisition, EVA. Scheme of Amalgamation of Centurion Bank of Punjab Limited with HDFC Off.: HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai
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NIFTY 50 10, Drag according to your convenience. By George Smith Alexander.
Centurion Bank of Punjab to merge with HDFC Bank – The Economic Times
The biggest merger in Indian banking is about to happen. The respective bank boards are likely to meet on Saturday to consider the merger proposal. The share-swap deal, worth over Rs 10, crore, may be worked around the current market price of Rs 57 a share of CBoP.
On Wednesday, officials of both the banks held marathon meetings with a leading investment banker to discuss the finer points. This is the second time after almost six years that these two banks are discussing a merger. While last time it fell through on valuation reasons, what has worked this time is the personal equation between the top brass of the two banks. Fed cuts interest rates by 0.
HDFC Bank, Centurion Bank of Punjab merger swap fixed at 1:29
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Mr Bhandari will join the board of the new bank while Rana Talwar is likely to be its non-executive chairman. Sources said, the HDFC group had a more ambitious deal in mind: The CBoP scrip surged Interestingly, the HDFC scrip slipped 3. HDFC has a In as a part of the recapitalisation, Centurion Bank had The face value of these shares were at Re 1.
There was a lock-in period for these shares.
These shares were to be released at a The conversion of these warrants would help Sabre to increase its stake in the bank. Are you a Business Owner?
HDFC Bank, Centurion Bank of Punjab merger swap fixed at – BUSINESS – The Hindu
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