ICICI and BOR

Hi, if I am not wrong Bank of Rajasthan is going to merge with ICICI Bank.

However as per ur comment it seems invert

Dear Jagruti

Yes u r right

ICICI is purchasing and paying 06.03 crore for per branch

Regards

and It Total Cost for ICICI  Bank is Near About 3000 Crores to Acquiring BOR.

thanks friends

and every share holder of BOR will get 1 share of ICICI against of 18 shares of BOR na

pls correct me if i m wrong and whats the swap Ratio.

Regards

@ Nitin

The swap ratio is 1 : 4.72   ( or  25:118 )

Also, the proposal would now be taken up in an extra ordinary general meeting of the BoR on 21 June ...