Merging to grow ; The financial logic apart, HDFC Bank will gain massive management bandwidth from its merger with Centurion Bank of Punjab.
Business Today, March, 2008 by Anand Adhikari
The venue: The Centurionn Bank of Punjab (CBoP) boardroom on the ground floor of Modern Centre, in Mahalaxmi, in suburban Mumbai. It is 10:30 am on February 25. Independent joint valuers, global consultancy major Ernst &Young (E &Y) and chartered accountancy firm Dalal &Sons, are making a presentation on the valuation parameters of the bank's proposed merger with HDFC Bank.
Make the swap ratio 1:26, thunders 56-yearold Tejbir Singh, a Director on the 11-member board of the bank. We are growing much faster than HDFC Bank. Singh, who holds a minority stake in CBoP, courtesy the ...
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