HDFC BANK ACQUISITION OF CENTURION BANK OF PUNJAB PDF

The Scheme has been sanctioned in exercise of the powers contained in Sub-section 4 of Section 44A of the Banking Regulation Act, The combined entity would have a nationwide network of 1, branches; a strong deposit base of around Rs. The balance sheet size of the combined entity would be over Rs. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.

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Both the boards have resolved to pursue the merger subject to satisfactory due diligence, a fair share-swap ratio and all the requisite statutory, regulatory and corporate approvals, including those from the RBI, the stock exchanges, and the respective boards and shareholders of both banks, according to a media statement.

Boards of both banks will meet again on February 25 to consider the swap ratio after receipt of the valuation reports and on February 28 to consider the draft scheme of amalgamation.

The merger will be the biggest in the Indian banking space. The share-swap deal, worth over Rs 10, crore, may be worked around the current market price of Rs 57 a share of CBoP. This marks the second round of private placements in Acme. Last year, Acme had offloaded a 1.

Acme has filed a draft red herring prospectus with Sebi for an IPO that will see its promoters offer about The teams will play 59 Twenty20 matches spread over 44 days, beginning April Australian pace machine Brett Lee Rs 3. JBUS is a Norway-headquartered shipping company with a fleet of 40 owned and long-time chartered vessels, a mix of tankers and chemical and bulk carriers.

Mr Sivasankaran has routed the acquisition through Siva Ventures, his flagship company which controls Sterling Infotech, a domestic telecom firm. ET has learnt that Zee had sent a legal notice to Indivision India Partners for backing out of a binding deal, following which both groups have now smoked the peace pipe. The deal was announced in December last year under which Indivision India Partners was supposed to be allotted 1.

Sources said while the deal was signed and sealed in December, the stipulated amount of Rs crore had not changed hands.

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HDFC Bank acquires Centurion for $2.4 billion

Both the boards have resolved to pursue the merger subject to satisfactory due diligence, a fair share-swap ratio and all the requisite statutory, regulatory and corporate approvals, including those from the RBI, the stock exchanges, and the respective boards and shareholders of both banks, according to a media statement. Boards of both banks will meet again on February 25 to consider the swap ratio after receipt of the valuation reports and on February 28 to consider the draft scheme of amalgamation. The merger will be the biggest in the Indian banking space. The share-swap deal, worth over Rs 10, crore, may be worked around the current market price of Rs 57 a share of CBoP. This marks the second round of private placements in Acme. Last year, Acme had offloaded a 1.

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Merger of HDFC Bank and Centurion Bank of Punjab

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