Board of Syndicate Bank approves share exchange ratio for amalgamation into Canara Bank

At meeting held on 05 March 2020

Syndicate Bank announced that the Board of Director of the Bank at its meeting held on 05 March 2020 has approved the following for amalgamation of Syndicate Bank into Canara Bank:

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

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