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Bank of Rajasthan

The shareholders of Bank of Rajasthan have approved the bank’s merger with ICICI Bank. The bank’s shareholders have passed a resolution with requisite majority under section 44A of the Reserve Bank of India (RBI) Act and will file the EGM resolution with the Bombay Stock Exchange, the National Stock Exchange and the bank. This comes [...]

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The following bulk deals were transacted at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on May 21: V S NET bought 2,000,000 shares at Rs 97.1 a share of Ruchi Soya Industries.(BSE) V S NET bought 1,400,000 shares at Rs 96.89 a share of Ruchi Soya Industries. (NSE) JPMSL On Account [...]

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SP Tulsian’s views on BoR-ICICI Bk merger, RIL-RNRL talks

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The Bank of Rajasthan board has given an in-principle nod for merger with ICICI Bank. The promoters of Bank of Rajasthan (BoR) have agreed to merge with ICICI Bank. Both have agreed to a share swap of 1:4.72. In terms of quantity, every 118 shares of BoR will get 25 shares of ICICI Bank. Commenting [...]

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Bank of Rajasthan to merge with ICICI Bank

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BoR, one of the oldest private sector banks in the country, plunged into a crisis early this year after Reserve Bank slapped Rs25-lakh fine on the bank for alleged violation of various norms Trouble-torn Bank of Rajasthan on Tuesday announced that it would merge with India’s largest private sector lender ICICI Bank. An agreement for amalgamation [...]

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We don’t own 55% in Bank of Rajasthan: Tayal

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The promoter of the private bank says he will consult experts and clear SEBI and RBI ‘misunderstandings’ Pravin Kumar Tayal, the promoter of Bank of Rajasthan Ltd (BoR), has denied any wrongdoing after the capital market watchdog turned up the regulatory heat on him by banning 100 entities it said were related to the bank’s [...]

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