Thread: ICICI BANK merges with BOR

Merger looks strategic. ICICI Bank plans to acquire Bank of Rajasthan (BoR), a private sector bank with 463 branches and assets of ~Rs172bn. We expect this transaction to be value accretive for ICICI as it would expand its existing branch network by ~27%, and strengthen its presence in north India...

To rad the full research report you can visit :

http://www.dsij.in/productattachment...ICI%20Bank.pdf

Source: Dalal Street Investment Journal
Dalal Street Investment Journal

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