ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Rakesh Jhunjhunwala portfolio's net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market
  • Zomato-Blinkit Deal: Food aggregator accused of not sharing information about deal on time; Investors file complaint with SEBI
  • Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards
  • National Pharmaceutical Pricing Authority fixes retail prices of 84 drug formulations
  • Twitter Blue users on Android can now customise navigation bar
Read in App
Business News » Companies News

Merger of Vijaya Bank and Dena Bank with BoB to be effective from this date

This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019, BoB said citing the government notification. "It (amalgamation) shall come into force on the 1st day of April, 2019," it said. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Merger of Vijaya Bank and Dena Bank with BoB to be effective from this date
As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. Image source: Reuters

Bank of Baroda on Wednesday said the merger of Dena Bank and Vijaya Bank with itself would be effective from April 1 as per the scheme of amalgamation approved by the government. Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.

This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019, BoB said citing the government notification. "It (amalgamation) shall come into force on the 1st day of April, 2019," it said. 

As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.

In case of Dena Bank, its shareholders will get 110 shares for every 1,000 shares of BoB.

Watch this Zee Business video

The government in September last year had announced merger of state-owned Vijaya Bank and Dena Bank, with larger peer Bank of Baroda, aiming to create the third largest lender after SBI and ICICI Bank.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bank of BarodaDena bankVijaya BankBanking & Financial Services
Written By: PTI
Updated: Thu, Feb 21, 2019
07:01 am
New Delhi, PTI
RELATED NEWS
Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst
Q4 Results 2022: Bank of Baroda, Emami, DB Corp, RattanIndia Power announce March quarter results; here are key highlights Q4 Results 2022: Bank of Baroda, Emami, DB Corp, RattanIndia Power announce March quarter results; here are key highlights
ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate hike ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate hike
Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan

LATEST NEWS

Global View: L&T, JSW Steel, Hindalco, and IndusInd Bank shares can give 30-61% return – Here is why

Financial, IT contribute 93% of FPI selling in 12 months; FIIs on longest selling spree since CY08 global financial crisis

Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards

Indian Railway opens sleeping pod hotel at CSMT

Money Guru: How To Take Care Of Your CIBIL Score For Better Financial Planning? Expert decodes

Solv raises USD 40 mn from Japan's SBI Holdings, others

Stocks to buy: Sanjiv Bhasin picks SBI, IDFC First Bank, Eicher Motors for gains today; check why

Now hide WhatsApp DP from specific contacts - Check step-by-step guide here

Windfall tax impact likely to continue on oil refining firms, says Anil Singhvi; believes RIL may see revenue, profit contraction

Rakesh Jhunjhunwala portfolio's net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV