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ICICI Bk Board meet on Sangli Bank acquisition

Published on Fri, Dec 08, 2006 at 13:40 |  Source : Moneycontrol.com

Updated at Fri, Dec 08, 2006 at 14:52  

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CNBC-TV18 has learnt that ICICI Bank is in advanced talks to acquire Sangli Bank. Board will meet tomorrow to consider merging Sangli Bank.

 

Sources say that the deal size is approximately Rs 250-300 crore, and this deal is likely to be finalised in a few days.

 

The management however, has not responded to CNBC-TV18's queries.

 

CNBC-TV18 Disclaimer: This information has not been provided to the stock exchanges, and is source-based.

 

 

  

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