Dena Bank, Vijaya Bank Shares Tank After Cabinet Nod For 3-Way Merger With BoB

Dena Bank, Vijaya Bank Shares Tank After Cabinet Nod For 3-Way Merger With BoB
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Dena Bank, Vijaya Bank Shares Tank After Cabinet Nod For 3-Way Merger With BoB
Shares of Dena Bank and Vijaya Bank fell sharply on Thursday, after the Cabinet approved their merger with Bank of Baroda
The scrip of Dena Bank plummeted by 19.77 per cent to Rs 14.40 on BSE
Shares of Vijaya Bank plunged by 7.44 per cent to Rs 47.25
The scrip of Bank of Baroda, however, gained 3.30 per cent to Rs 123.35
The boards of the three banks have also cleared the share-swap ratio for the proposed amalgamation

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