IDBI Bank and IDBI merger: It's a 'Yes'! - Views on News from Equitymaster

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IDBI Bank and IDBI merger: It's a 'Yes'!

Jul 29, 2004

The board of IDBI Bank has taken an in principle decision regarding its proposed merger with parent IDBI. The bank has made this announcement public and the same can be read on the Bombay Stock Exchange website. While the merger between the two entities has been in the offing for sometime now, there was a lot of uncertainty regarding the same. Also IDBI is in the process of conversion in to a commercial bank and seemingly the merger was delayed until IDBI became a full-fledged bank. At the current stage only this announcement has been made public and the merger can happen only post the approval of the shareholders and other regulatory approvals, we will analyse the merger (if it is carried out) in detail as and when further details are available.

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