 "Illustration: Binay Sinha")
Shares of Eicher Motors, Ashok Leyland and Dena Bank continued to remainunder pressure, hitting their respective 52-week lows on the BSE on Monday in an otherwise firm market.
Dena Bank slipped 5 per cent to Rs 13.65, falling 24 per cent in past three trading sessions following an unfavorable share-swap ratio on the merger with Bank of Baroda (BOB). The stock was trading at its lowest level since April 30, 2003.
The boards of the banks met to approve the swap ratios on Wednesday. For every 1,000 equity shares of Dena Bank investors will get 110 equity shares of
Dena Bank slipped 5 per cent to Rs 13.65, falling 24 per cent in past three trading sessions following an unfavorable share-swap ratio on the merger with Bank of Baroda (BOB). The stock was trading at its lowest level since April 30, 2003.
The boards of the banks met to approve the swap ratios on Wednesday. For every 1,000 equity shares of Dena Bank investors will get 110 equity shares of
