Merger of Dena Bank, Vijaya Bank, BoB an all-round losing game
The share swap ratio set for the merger of Dena Bank, Vijaya Bank and Bank of Baroda (BoB) confirm that the rescue mission for the weakest bank will leave everyone a loser
The merger of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) was seen as a rescue mission for Dena Bank. Now, the share swap ratios confirm that the mission will leave everyone a loser. Even Dena Bank’s shareholders have ended up as losers, in contrast to the earlier expectation that they will gain from a favourable share swap ratio.