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Board of Dena Bank approves equity share exchange ratio

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Capital Market

At meeting held on 02 January 2019

The Board of Dena Bank at its meeting held on 02 January 2019 has approved the following for amalgamation of Dena Bank with Bank of Baroda -

Fair Equity Share Exchange Ratio - 110 equity shares of Rs 2 each of Bank of Baroda for every 1000 equity shares of Rs 10 each of Dena Bank.

A Grievances Redressal Committee headed by Pramod Kode, retired judge of Mumbai High Court, has been set up to address the grievances of minority shareholders.

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First Published: Jan 02 2019 | 4:15 PM IST

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