Cabinet clears Dena, Vijaya merger with BoB

​​The amalgamation will be the first-ever three-way consolidation of banks in the country. Shareholders of the merging banks will receive Bank of Baroda shares. While 1,000 shares of Vijaya Bank will fetch 402 of BoB’s, a similar number of Dena Bank shares will get only 110 of the acquiring bank.

from Times of India http://bit.ly/2LKZrYl
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