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Old 16th September 2017, 10:33 AM
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Join Date: Aug 2012
Default Re: Kotak Mahindra Bank And Ing Vysya Merger

The Kotak Mahindra Bank And Ing Vysya Bank are now merged.

In 2014, Kotak Bank acquired ING Vysya Bank in a deal valued at ₹15,000 crore (US$2.3 billion).

With the merger, total employment will jump to almost 40,000, and the count of branches reached 1261.

Post the merger, ING Group, which controlled ING Vysya Bank, will own a 7% share in Kotak Mahindra Bank.

Share Exchange Ratio: 0.725 : 1

725 shares of Kotak for every 1,000 share of ING Vysya

Upon obtaining all approvals, at effective date:

ING Vysya including its business and branches merges into Kotak

Kotak issues shares to ING Vysya shareholders

All shareholders (that of Kotak and ING Vysya) participate thereafter in the (merged)
Kotak business

Complementary Network Breadth and Depth Together

Wider Coverage and Balanced Footprint

Branches ING Kotak Kotak
Vysya (Merged)

West 12% 46% 30%
North 20% 34% 27%
South 64% 15% 38%
East 4% 5% 5%
Total 573 641 1,214
ATMs 635 1,159 1,794

Merger of ING Vysya Bank with Kotak Mahindra Bank

For more details here is the attachment
Attached Files
File Type: pdf Merger of ING Vysya Bank with Kotak Mahindra Bank.pdf (472.9 KB, 37 views)
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