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Kotak Bank Acquire Ing Bank: Presented By-Manjunath Shetty

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Manjunath Shetty

Kotak Mahindra Bank is acquiring ING Bank in an all-stock transaction, creating India's fourth largest private sector bank. As part of the deal, Kotak Mahindra will issue 725 of its shares valued at Rs 5 each for every 1,000 shares of ING Bank valued at Rs 10 each. Following the merger, ING Group will become the second largest shareholder in Kotak Mahindra Bank, owning 6.5% of shares. The presentation provides information on the pre-merger sizes of Kotak Mahindra Bank and ING Bank, as well as projections for the combined market size post-merger.

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Kotak Bank Acquire Ing Bank: Presented By-Manjunath Shetty

Uploaded by

Manjunath Shetty
54 views7 pages
Kotak Mahindra Bank is acquiring ING Bank in an all-stock transaction, creating India's fourth largest private sector bank. As part of the deal, Kotak Mahindra will issue 725 of its shares valued at Rs 5 each for every 1,000 shares of ING Bank valued at Rs 10 each. Following the merger, ING Group will become the second largest shareholder in Kotak Mahindra Bank, owning 6.5% of shares. The presentation provides information on the pre-merger sizes of Kotak Mahindra Bank and ING Bank, as well as projections for the combined market size post-merger.

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Kotak And ING

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Kotak And ING

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Kotak Mahindra Bank is acquiring ING Bank in an all-stock transaction, creating India's fourth largest private sector bank. As part of the deal, Kotak Mahindra will issue 725 of its shares valued at Rs 5 each for every 1,000 shares of ING Bank valued at Rs 10 each. Following the merger, ING Group will become the second largest shareholder in Kotak Mahindra Bank, owning 6.5% of shares. The presentation provides information on the pre-merger sizes of Kotak Mahindra Bank and ING Bank, as well as projections for the combined market size post-merger.

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© All Rights Reserved
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54 views7 pages

Kotak Bank Acquire Ing Bank: Presented By-Manjunath Shetty

Uploaded by

Manjunath Shetty
Kotak Mahindra Bank is acquiring ING Bank in an all-stock transaction, creating India's fourth largest private sector bank. As part of the deal, Kotak Mahindra will issue 725 of its shares valued at Rs 5 each for every 1,000 shares of ING Bank valued at Rs 10 each. Following the merger, ING Group will become the second largest shareholder in Kotak Mahindra Bank, owning 6.5% of shares. The presentation provides information on the pre-merger sizes of Kotak Mahindra Bank and ING Bank, as well as projections for the combined market size post-merger.

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K O TAK B A N K

ACQUIRE
ING BANK
Presented ByManjunath Shetty

About KOTAK BANK

Type:

Private company

Industry:

Banking, Financial service

Founded:

2003

Headquarters:

Mumbai

Revenue:

INR109.63 billion (US$1.7 billion)

No. of Branches : 641

No. of ATMS : 1159

About ING BANK

Type :

Private Company

Industry :

Banking, Financial Services & Insurance

Founded :

2002

Headquarters :

Bangalore, India

Revenue :

5588 crore (US$890 million)

No. of Branches : 573

No. of ATMS :

635

Kotak Mahindra Bank to acquire ING Bank

Kotak Mahindra Bank Ltd is acquiring ING Bank Ltd in an all-stock transaction
that will create Indias fourth largest private sector bank.

The merger would be done through a share swap in which 725 equity shares
of Rs 5 each of Kotak Mahindra will be issued for every 1,000 shares of Rs 10
each held in ING Bank.

Post merger, ING Group which currently holds 42.73 per cent stake in ING
Bank, will become the second largest shareholder in Kotak Mahindra Bank at
6.5 per cent.

Pre and Post Merger

Post Merger Market Size

THANK
YOU

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