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Canara Bank — M&A Activity 2020
Mar 17, 2020
61440_rns_2020-03-17_afaa406f-1af5-499a-8103-ef50572b49bd.pdf
M&A Activity
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I Canara Bank <bu iti!> &
Ref:: MD&CEO: SD: 938/939:11/12: 2020
Date: 17.03.2020
The Vice President The Vice President The Bombay Stock Exchange Ltd. Listing Department Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd Dalal Street, EXCHANGE PLAZA MUMBAI - 400 001 Bandra-Kurla Complex, Bandra [E] MUMBAI 400051
Dear Sir,
Subject: Amalgamation of Syndicate Bank into Canara Bank.
MD&CEO: SD: 922/923:11/12: 2020 dated 05.03.2020 With reference to our letter ref no vide which approval of following Share Exchange Ratio was notified to Stock Exchanges :
- 158 equity shares of Rs. 10/ - each of Canara Bank for every 1000 equity shares of Rs. l 0/ - each of Syndicate Bank.
In terms of sub para (6) of Para 6 of scheme of amalgamation notified by Government of India dated 04.03.2020, an Expert Committee (i.e. Grievance Redressal Committee) was constituted for considering written objections of the minority shareholders on Share Exchange Ratio and for providing recommendation for their redressal. The Committee has since submitted its report, which has been considered by our Board of Directors. There is no change in Share Exchange Ratio notified vide our letter dated 05.03.2020 as above.
We request you to kindly take a note of the above and upload the information on your website.
YoursF�\Y� tlfi l=nr CANARA BANK � .j .,,.� vmJl ,[�� ] [A ] [Compani• Secretary] COMPANY SECRETARY
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Secretarial Department
T +91 80 22100250 Head Office F +91 80 22248831 112 J C Road, Bangalore - 560002
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