16th September 2017 10:33 AM | |
pawan | 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 |
16th September 2017 08:44 AM | |
Unregistered | Kotak Mahindra Bank And Ing Vysya Merger I want to know the Merger of Kotak Mahindra Bank And Ing Vysya bank so will you please tell me? |