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Bank of Rajasthan agreed to merge with ICICI Bank

Posted on: May 18th 2010 in Stock News.

After reports that stated that the bank’s promoters have begun talks with large private sector banks for a possible merger, it has finally declared to to merge with ICICI bank. Both have agreed to a share swap of 1:4.72. In terms of quantity, every 118 shares of BoR will get 25 shar…

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