Bank of Baroda, Vijaya Bank, Dena Bank merger: BoB announces share swap ratio
As per the scheme of amalgamation, shareholders of Vijaya Bank will get 402 equity shares of Rs 2 each of Bank of Baroda for every 1,000 shares held of Rs 10 each.

- Jan 2, 2019,
- Updated Jan 2, 2019 6:11 PM IST
Public sector lender Bank of Baroda on Wednesday announced the swap ratio for the proposed merger of Vijaya Bank and Dena Bank.
"The board of directors of the bank at its meeting today approved fair equity share exchange ratio for amalgamation of Dena Bank and Vijaya Bank with itself," Bank of Baroda said in a filing to the Bombay Stock Exchange.
As per the scheme of amalgamation, shareholders of Vijaya Bank will get 402 equity shares of Rs 2 each of Bank of Baroda for every 1,000 shares held of Rs 10 each.
Similarly, Dena Bank's shareholders will get 110 shares of Rs 2 each Bank of Baroda for every 1,000 shares held of Rs 10 each.
In September last year, the government had announced the merger of Vijaya Bank and Dena Bank with Bank of Baroda to create the third-largest bank after State Bank of India and HDFC Bank. The government expects the new entity will be operational from the beginning of the next financial year.
Public sector lender Bank of Baroda on Wednesday announced the swap ratio for the proposed merger of Vijaya Bank and Dena Bank.
"The board of directors of the bank at its meeting today approved fair equity share exchange ratio for amalgamation of Dena Bank and Vijaya Bank with itself," Bank of Baroda said in a filing to the Bombay Stock Exchange.
As per the scheme of amalgamation, shareholders of Vijaya Bank will get 402 equity shares of Rs 2 each of Bank of Baroda for every 1,000 shares held of Rs 10 each.
Similarly, Dena Bank's shareholders will get 110 shares of Rs 2 each Bank of Baroda for every 1,000 shares held of Rs 10 each.
In September last year, the government had announced the merger of Vijaya Bank and Dena Bank with Bank of Baroda to create the third-largest bank after State Bank of India and HDFC Bank. The government expects the new entity will be operational from the beginning of the next financial year.