Merger

Showing of 1 - 20 from 179 results
Merger - Total results - 179
PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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%
Business

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
Business

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.

Govt seeks to end blind men and elephant approach plaguing Indian Railways by abolishing silos vision
Business

Govt seeks to end blind men and elephant approach plaguing Indian Railways by abolishing silos vision

There could be two views on this paradigm-changing move that puts the Indian Railways on a track away from the one it has traversed all along for the last 150 years.

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
Business

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query

Shares of Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows after RBI rejected their merger proposal
Business

Shares of Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows after RBI rejected their merger proposal

Shares of Indiabulls Housing Finance and Lakshmi Vilas Bank plummeted up to 20 percent on Thursday after the Reserve Bank of India rejected their merger proposal

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
Business

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion

Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities
Business

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities

After the bank merger, only 12 PSBs will be left in India from the 27 earlier

Telecom department working on proposal for MTNL, BSNL merger; Cabinet to take final call
Business

Telecom department working on proposal for MTNL, BSNL merger; Cabinet to take final call

The Department of Telecommunications (DoT) is "working on" a proposal for merger of cash-strapped BSNL and MTNL as part of efforts to revive the ailing state-owned telecom firms

US-based software firm Ebix Inc to acquire Yatra Online Inc at an enterprise value of $337.8 mn
Business

US-based software firm Ebix Inc to acquire Yatra Online Inc at an enterprise value of $337.8 mn

US-based software firm Ebix Inc has signed a definitive agreement with Yatra Online Inc to acquire the online travel agency through a merger deal at an enterprise value of $337.8 million (around Rs 2,325 crore), according to a statement

Bharti Airtel submits Rs 644 crore bank guarantee in TDSAT for Tata Tele merger
Business

Bharti Airtel submits Rs 644 crore bank guarantee in TDSAT for Tata Tele merger

Telecom operator Bharti Airtel is learnt to have submitted a bank guarantee of Rs 644 crore in telecom tribunal TDSAT to complete the merger of Tata Teleservices' consumer business with the company

Fiat Chrysler puts merger offer to Renault board; deal to create a new third-ranked global manufacturer; shares rise
Business

Fiat Chrysler puts merger offer to Renault board; deal to create a new third-ranked global manufacturer; shares rise

Fiat Chrysler has made a “transformative” merger proposal to Renault, the Italian-American carmaker said, in a deal that would create a new third-ranked global manufacturer

Tata Chemicals' consumer product business to be merged with Tata Global Beverages
Business

Tata Chemicals' consumer product business to be merged with Tata Global Beverages

Tata Chemicals Ltd on Wednesday said it will demerge its consumer product business and merge it with Tata Global Beverages Ltd