Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Tuesday, August 28, 2007
Centurion Bank gets nod for Lord Krishna Bank merger
MUMBAI: Centurion Bank of Punjab Ltd said on Tuesday it has received the Reserve Bank of India's approval for the merger of Lord Krishna Bank Ltd with itself. The merger is effective from August 29 and Centurion will issue seven shares in itself for every five held in Lord Krishna, the bank said.
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