[nilesh]

Discuss about shcil idbi bank merger here. Welcome to Courses.ind.in and this page is for shcil idbi bank merger discussion. If you are looking for information on shcil idbi bank merger then ask your question is as much details as possible in the “Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on shcil idbi bank merger, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Courses.ind.in. Please visit again.

I heard about IDBI Bank approves merger of Stock Holding Corpn India Ltd (SHCIL). I want to know more about this merger. So do you have any information about IDBI Bank approves merger of Stock Holding Corpn India Ltd (SHCIL)?

[vikash]

The board of IDBI Bank has given approval to the merger of Stock Holding Corporation of India with the bank.

The IDBI Bank shares will be issued to SHCIL shareholders in an all-stock deals.

They will also work out the scheme of amalgamation in the next few days.

The Stock Holding Corporation of India Ltd (SHCIL) is India’s largest custodian of securities.

SHCIL is promoted by IDBI and six other public financial & investment institutions in India.

The IDBI Bank’s merger with SHCIL will build capabilities within the bank for HNI custody and asset servicing.

SHCIL currently provides e-stamping business in 10 states.

The entire merger process was completed by March 31, 2013.

To know more, contact at:
Stock Holding Corporation of India
Unit No.301, 3rd Floor,
Dr. B. Ambedkar Road,
MUMBAI-400012
Phone: 022 – 61778500