the creation of the Centurion Bank of Punjab and later on 25 feb, HDFC Bank acquired the Centurion Bank of Punjab. (CBoP) for Rs 9, The Centurion Bank of Punjab (formerly Centurion Bank) was an Indian private sector bank that the major Indian stock exchanges and on the Luxembourg Stock Exchange. On 23 May HDFC Bank acquired Centurion Bank of Punjab. size through expansion, diversification and merger and acquisitions. The merger between HDFC Bank and Centurion Bank of Punjab (CBOP) was billed as.
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HDFC Bank, Centurion Bank of Punjab merger swap fixed at – BUSINESS – The Hindu
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Centurion Bank of Punjab to merge with HDFC Bank
NIFTY 50 10, 2. Drag according to your convenience. By George Smith Alexander.
The biggest merger in Indian banking is about to happen. The respective bank boards are likely to meet on Saturday to consider the merger proposal. The share-swap deal, worth over Rs 10, crore, may be worked around the current market price of Rs 57 a share of CBoP. On Wednesday, officials of both the banks held marathon meetings with a leading investment banker to discuss the finer points.
This is the second time after almost six years that these two banks are discussing a merger. While last time it fell through on valuation reasons, what has worked this time is the personal equation between the top brass of the two banks. Fed cuts interest rates by 0. RBI may go forward with rate cut option.
HDFC Bank, Centurion Bank of Punjab merger swap fixed at 1:29
Woes of the West should not worry us: Stock trading could be injurious to your health. India Inc to face difficulty in fund raising. Mr Bhandari will join the board of the new bank while Rana Talwar is likely to be its non-executive chairman. Sources said, the HDFC group had a more ambitious deal in mind: The CBoP scrip surged Interestingly, the HDFC scrip slipped 3.
Centurion Bank of Punjab – Wikipedia
HDFC has a In as a part of the recapitalisation, Centurion Bank had The face value of these shares were at Re 1. There was a lock-in period for these shares. These shares were to be released at a The conversion of these warrants would hdvc Sabre to increase its stake in the bank.
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