Board of Canara Bank approves share exchange ratio for merger with Syndicate Bank

The Board of Canara Bank at its meeting held on 05 March 2020 has approved the following for amalgamation of Syndicate Bank into Canara Bank -

Share Exchange Ratio, subject to applicable statutory/ regulatory approvals:
158 equity shares of Rs. 10/ - each of Canara Bank for every 1000 equity shares of Rs.10/ - each of Syndicate Bank

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