Stocks

BoB merger: Ex-date for Vijaya Bank, Dena Bank

| Updated on March 06, 2019 Published on March 06, 2019

 

Shares of Vijaya Bank and Dena Bank will turn ex-date on Friday for the proposed merger with Bank of Baroda. The merger will take effect from April 1. According to the scheme, shareholders of Vijaya Bank will get 402 shares and Dena Bank shareholders will get 110 shares of Bank of Baroda for every 1,000 shares held. The Centre in September 2018 announced this merger to promote consolidation in the sector due to huge non-performing assets. The record date is March 11.

Published on March 06, 2019
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