ICICI Bank to acquire Sangli Bank

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ICICI Bank to acquire Sangli Bank
ICICI Bank has confirmed that they would merge the unlisted The Sangli Bank Ltd. with itself. The deal would be conducted through stock transaction.
As part of the deal, shareholders of Sangli Bank will receive 100 shares of ICICI Bank for every 925 held. Kalpana Morparia, joint managing director at ICICI [...]

http://business.techwhack.co/1532/sangli-bank/
 
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