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The shares of the transferor banks (banks getting merged) held as on record date in your demat account will be eligible to be converted into shares of respective transferee banks in the above-mentioned ratios. Any holdings which lead to fractional allotment of shares will be settled in cash by the transferee bank.
More on DENA BANK
Live NSE Quotes | Mar 7, 2019 (Close) | |
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Price (Rs)12.65 | Open (Rs) 12.40 | Low (Rs) 12.20 |
\% Change2.43 | Volume 2,720,634 | 52-Week H/L 21.60 / 10.45 |
Is Dena bank listed?
Dena Bank > Listing Details > Banks – Public Sector > Listing Details of Dena Bank – BSE: 532121, NSE: DENABANK.
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What happens when a stock you own gets bought out?
When the company is bought, it usually has an increase in its share price. An investor can sell shares on the stock exchange for the current market price at any time. When the buyout is a stock deal with no cash involved, the stock for the target company tends to trade along the same lines as the acquiring company.
Which bank merged with Dena Bank?
Bank of Baroda
Vijaya Bank and Dena Bank were merged with Bank of Baroda with effect from April 1, 2019. BoB’s customers will now have access to 8,248 domestic branches and 10,318 ATMs across the country.
What does Dena Bank do?
Dena Bank
Formerly | Devkaran Nanjee Banking Company Ltd |
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Area served | India |
Services | Consumer banking Corporate banking Finance and insurance Investment banking Mortgage loans Private banking Private equity Savings Securities Asset management Wealth management |
Revenue | ₹8,932.23 crore (US$1.2 billion) (2018) |
Is Dena Bank government or private?
Dena Bank is an Indian Non-Government Company. It’s a public company and is classified as’company limited by share’. Company’s authorized capital stands at Rs 300000.0 lakhs and has 0.0\% paid-up capital which is Rs 0.0 lakhs.
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