ICICI Bank Acquired Bank Of Rajasthan

Hey buddy please tell me is ICICI Bank Acquired Bank Of Rajasthan if yes will you please tell me the reason behind it?

[Kiran Chandar]

Yes buddy ICICI Bank Acquired Bank Of Rajasthan because of share price downfall for that I will get some information about it so that you can get the idea about it

Those person who have shares of the troubled Bank of Rajasthan Ltd (BoR) get 25 shares of ICICI Bank Ltd for 118 shares of BoR in the ratio of 4.72:1 after that both boards of directors decided to merge the bank to increase there values again fall in the market.


Here is the ICICI bank Merge Record.

ICICI BANK’S MERGER RECORD

1997: Takeover of ITC Classic Finance

1998: Takeover of Anagram Finance

2000: Merger with Bank of Madura

2002: ICICI and ICICI Bank merge

2005: Acquires Russia’s IvestitsionnoKreditny Bank

2007: Amalgamation of Sangli Bank

TAYALS’ TROUBLES

Nov ‘09: RBI appoints additional director on BoR board

Feb ‘10: RBI imposes Rs 25 lakh penalty on BoR

Mar ‘10: Sebi bars 100 entities related to Tayals

Mar ‘10: RBI orders special audit of BoR’s books

May ‘10: Deloitte Haskins and Sells submits report

Address:-
ICICI Bank Limited
The Bank Of Rajasthan Limited
Regional Office , 11 C Mittal Towers, M.G. Road
Banglore (Karnataka)

Phone:
080- 32981921