Shareholders have approved merger of Kotak Mahindra Bank and ING - TopicsExpress

Shareholders have approved merger of Kotak Mahindra Bank and ING Vysya Bank with a share exchange ratio of 725:1000. “The amalgamation was approved by 99.30 percent in number representing 99.93 percent in value of the shareholders present. The merger is subject to the approval of Reserve Bank of India (RBI), Competition Commission of India (CCI) and such other approvals as may be required,” a press statement said. Read more at: moneycontrol/news/business/kotak-mahindra-banking-vysya-merger-gets-shareholders-nod_1269742.html?utm_source=ref_article

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