Merger

PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs

State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs

Bandhan Bank FY20 deposits rise 32% to Rs 57,073 cr; advances jump by 60% to Rs 71,825 cr

Bandhan Bank on Monday said its total deposits grew by 32 percent to Rs 57,073 crore during the fiscal ended March 2020

Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger

In March, Canara Bank had said Krishnan will be appointed as executive director with effect from 1 April 2020 till 31 October 2020, or until further orders.

HUL acquires Horlicks for Rs 3,045 cr; announces completion of GSK Consumer Healthcare merger with itself

FMCG major Hindustan Unilever on Wednesday announced the completion of GlaxoSmithKline Consumer Healthcare Ltd's merger (GSKCH) with itself

Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru

Indian Bank on Thursday said its board will remain unchanged following its merger with Allahabad Bank on 1 April, but its non-performing assets will soar

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from 1 April, 2020

Chandigarh NCLT approves Hindustan Unilever, GlaxoSmithKline Consumer Healthcare merger deal

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer Healthcare (GSKCH)

Bharti Infratel extends deadline for merger with Indus Towers by two months

Bharti Infratel on Monday extended the deadline for its merger with Indus Towers by two more months to 24 April, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact

No proposal to merge LIC Housing Finance with any other entity, says LIC; shares plunge over 10%

Life Insurance Corporation on Monday said there is no proposal to merge its subsidiary LIC Housing Finance Ltd (LICHFL) with any other entity

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April

The banks will need to follow regulatory formalities to protect the interest of minority shareholders. Each bank is required to follow the regulatory norms to protect the interests of minority stakeholders.