The merger will also give an exit opportunity for the group's two key investors-Piramal Enterprises and TPG Capital.
If the merger takes place, then on a proforma basis, the merged entity will have a net worth Rs 19,472 crore and a loan book Rs 1,23,393 crore as of December 2018
The merged entity's net worth will be Rs 19,472 crore, with 14,302 employees and a loan book of Rs 1.23 lakh crore.
2018 witnessed generally swift and speedy approvals by the CCI. Yet again the CCI showed its maturity whether it was dealing with cases under the new Insolvency and Bankruptcy Code 2016 (Insolvency Code) or with high profile mergers such as Walmart/Flipkart and Siemens/Alstom.
In the longer run, anyone looking to come and invest in India would fancy the merged entity for their core portfolio in all probability
Most global brokerage firms have maintained their rating for Bandhan Bank, but expressed doubts about the synergies that the deal would offer
The amalgamation will result in enhancement of shareholders' value accruing from the synergy of operations, new products development, integration of technology and information
Outright privatisation will be the best option for state-owned banks, but the least the government should do is consider overhauling governance and management structures.
The swap ratio appears fair in respect to Dena Bank owing to the multiple challenges faced by the bank, and most experts feel that Vijaya Bank shareholders have nothing to gain from this merger.
Brokerages feel that the deal is likely to be EPS-accretive for HUL and investors who have a time horizon of more than a year can hold the stock with a target placed above Rs 2,000
Applications are being invited from chartered accountancy firms to value each bank and decide on the probable swap ratio.
Merger of banks is in the interest of the customers, so there is no reason to panic. When banks merge, sufficient care is taken to ensure that the impact on customers is minimal.
The announcement was made after a meeting on ‘alternative mechanism’ set up to consider consolidation in the banking sector.
The transaction will position Aurobindo as the second-largest dermatology player and the second-largest generics company in the US, by prescriptions.
A Memorandum of Understanding (MoU) to this effect was signed by Dr Saji Gopinath, CEO, KSUM and SanilChorinchath, Vice-President, Transaction Banking, YES Bank, here today.
Max Life had last week withdrawn its bid for IDBI Federal Life Insurance, after lenders refused to meet conditions put forth by the bidder
The deal was carried out between HGS Population Health LLC, USA, and CMH Services Subsidiary LLC, USA, operating under the trade name of AxisPoint Health.
Rai believes that public sector banking needs a mindset change to be more ‘nimble-footed. He says, government can't own 24 banks and that the "elephant must learn to dance"
In 2014, PJ Nayak committee report on ‘Governance of Boards of Banks of India’ recommended that Govt must distance itself from several bank governance functions
Aditya Birla Idea Payments bank is among seven entities to get a final approval from the banking regulator. Airtel Payments Bank Ltd was the first payments bank. So far, Airtel, Paytm, India Post, and Fino Payments Banks have been launched
Rising losses and dropping solvency was a trigger for PSU insurers' merger decision.
Talking about the synergies of the combined entity, V Vaidyanathan, Chairman & MD, Capital First said they would be carrying capabilities of creating retail asset.
The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and gas companies.