Bank of Baroda (BoB) finalised the share swap ratio for the merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every.....shares held.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Bank of Baroda (BoB) finalised the share swap ratio for the merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every____shares held.

A	1500 shares
B	1000 shares
C	500 shares
D	100 shares

Explanation:

Detailed explanation-1: -(FPIs) hold 1.29% in Dena Bank, 4.91% in Vijaya Bank and 10.35% in BoB. After the merger, the government will own 65.74% in the merged entity.

Detailed explanation-2: -Vijaya, Dena shareholders to get 402 & 110 shares, respectively, of BoB for every 1, 000 held. The Union Cabinet on Wednesday gave its nod to the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). The merger will be completed by April 1, to create the country’s second-largest public sector bank.

Detailed explanation-3: -As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1, 000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1, 000 shares of BoB.

Detailed explanation-4: -All branches of Vijaya Bank and Dena Bank have now become Bank of Baroda branches. Bank of Baroda (BoB) said on December 20 that it had completed the integration/migration of 3, 898 branches of Vijaya Bank and Dena Bank.

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