Private sector lender, ICICI Bank has announced the allotment of shares to the shareholders of Bank of Rajasthan following the merger of the two banks.
25 shares of ICICI Bank have been allotted for 118 shares of Bank of Rajasthan.
Those shareholders of Bank of Rajasthan have been allotted new shares whose names have been obtained in the register of depositories as on 25th August 2010.
The much troubled Bank of Rajasthan has been merged with ICICI Bank earlier this month after approval from banking regulator, RBI. Following the merger, all 463 branches of BoR have become operational as those of ICICI Bank.