ICICI and BOR

Nitin Grover (CS) (1228 Points)

21 May 2010

ICICI is going to merge with Bank of Rajasthan.

Each Branch Cost is approx 6.3 crore

Regards

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6 Replies

Jagruti (CS) (Service) (1953 Points)
Replied 22 May 2010

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

However as per ur comment it seems invert

Nitin Grover (CS) (1228 Points)
Replied 22 May 2010

Dear Jagruti

Yes u r right

ICICI is purchasing and paying 06.03 crore for per branch

Regards

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)
Replied 25 May 2010

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

Nitin Grover (CS) (1228 Points)
Replied 25 May 2010

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

CA Mallika Chaudhary (CWA Final and CA) (418 Points)
Replied 07 June 2010

@ Nitin

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

CA Mallika Chaudhary (CWA Final and CA) (418 Points)
Replied 07 June 2010

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

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