All eyes now on share swap ratio in this mega bank merger
A share swap ratio of 1:8.5 before the bank merger was announced seems more appropriate, considering Dena Bank's financials
The composite index hosting public sector bank shares on the National Stock Exchange (NSE) has lost 7% of its value. It is a clear signal that investors don’t like the government’s first attempt at bank consolidation. On Monday, the government announced that it would merge Bank of Baroda (Bank of Baroda), Vijaya Bank and Dena Bank to form the third largest lender in India.