Centurion Bank of Punjab Ltd has informed that the Board of Directors of the Bank at its meeting held on February 28, 2008, has taken the following decisions:
1. Reaffirmed the share swap ratio for the, merger of the Bank with HDFC Bank Ltd as determined in the joint valuation report dated February 25, 2008 of M/s. Dalal & Shah, Chartered Accountants and Ernst & Young Pvt Ltd and the issuance of 1 (one) equity share of Rs.10/- each HDFC Bank Ltd for every 29 (twenty-nine) equity shares of Re. 1/-each held in Bank.
2. Approved the draft Scheme of Amalgamation.
3. Approved the Notice and Explanatory statement to convene an Extraordinary General Meeting on March 27, 2008 at Panaji, Goa to consider the above matters.
1. Reaffirmed the share swap ratio for the, merger of the Bank with HDFC Bank Ltd as determined in the joint valuation report dated February 25, 2008 of M/s. Dalal & Shah, Chartered Accountants and Ernst & Young Pvt Ltd and the issuance of 1 (one) equity share of Rs.10/- each HDFC Bank Ltd for every 29 (twenty-nine) equity shares of Re. 1/-each held in Bank.
2. Approved the draft Scheme of Amalgamation.
3. Approved the Notice and Explanatory statement to convene an Extraordinary General Meeting on March 27, 2008 at Panaji, Goa to consider the above matters.
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