INGVYSYABK

ING Vysya Bank Limited has informed the Exchange that Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Ltd with Kotak Mahindra Bank Ltd. The scheme of amalgamation shall come into effect from April 01, 2015.

ING Vysya Bank Limited has informed the Exchange that the Board of Directors of the Bank at its meeting held on November 20, 2014 has considered and granted its approval for the amalgamation of ING Vysya Bank with Kotak Mahindra Bank. The Board has approved the share swap ration of 725 equity share of Rs. 5/- each of Kotak Mahindra Bank for every 1000 equity shares of Rs. 10/- each held in ING Vysya Bank.

Ing Vysya Bank Limited has informed the Exchange that: "The Bank has today (April 16, 2007) sold its entire shareholding of 99,30,000 (Ninety Nine Lakh Thirty Thousand only) shares in ING Investment Management (India) Private Limited at the rate of Rs.12/- per share".

Ing Vysya Bank Limited has informed the Exchange that the Bank has sold 23,09,999 (twenty three lakh nine thousand nine hundred and ninety nine only) shares held by the Company in Bharat Overseas Bank on September 11 2006, being one share less than Company's holding of 23,10,000 (twenty three lakh ten thousand only) at the rate of Rs. 155/- per share.

Ing Vysya Bank Limited had informed the exchange regarding the decision of the BODs of the bank at its meeting held on May 28,2005, about the offer for sale of its entire equity stake of 14.87% constituting 5.80 crore equity shares in ING Vysya Life Insurance Company Private Limtied(the company) to Gujarat Ambuja Cements Limited(GACL),subject to approval of regulatory authorities. Insurance Regulatory Development Authority(IRDA) has since approved the transaction. The company has now informed that the sale transaction has been completed on August 25,2005 by effecting transfer of shares in favo

Ing Vysya Bank Limited has informed the Exchange that the Bank has decided to divest its stake in ING Vysya Life Insurance Company Private Limited. The carrying value of these shares at June 30, 2005 is Rs.38 crores. The agreed sale price of this investment is Rs.60.90 crores. The sale would take place upon getting the necessary regulatory approvals.