INGVYSYABK

Members of the Exchange are hereby informed that the trading in equity shares of ING Vysya Bank Limited shall be suspended w.e.f. April 16, 2015 (i.e. closing hours of trading on April 15, 2015) on account of Scheme of Amalgamation with Kotak Mahindra Bank Limited.

ING Vysya Bank Limited has submitted to the Exchange, vide letter dated January 5, 2015, clarification regarding News Item captioned "ING Vysya staff worry about merger".

The Exchange had sought clarification from ING Vysya Bank Limited with reference to recent news item captioned "ING Vysya Bank staff to strike on January 7". In this regard, the Bank had Clarified the following :(1) The Bank Employees Union and Officers Association have given a Notice to go on Strike on January 07, 2015 against Bank proposed merger with Kotak Mahindra Bank. (2) It may also be noted that the UFBU (United Forum of Bank Unions) has given a Notice to IBA for Industry wide strike on followings days demanding Wage Revision to be settled immediately: January 07, 2015- 1 day, January

The Exchange has sought clarification from ING Vysya Bank Limited with reference to recent news item captioned "ING Vysya Bank staff to strike on January 7 . In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any infor

The Exchange had sought clarification from ING Vysya Bank Limited with respect to a news item captioned "Kotak s deal under union cloud shows M&A risks". The Company has clarified that "In accordance with the terms of the proposed merger and as assured by Kotak Mahindra Bank ("Kotak") in its public statement, Kotak would respect and honour all employee-related contractual commitments of the Bank as agreed upon in the merger deal. As communicated previously, we are aware of the Bank's disclosure obligations under clause 36 of the Listing Agreement. The Company will abide by its obligations to m

The Exchange has sought clarification from ING Vysya Bank Limited with respect to a recent news item captioned "Kotak's deal under union cloud shows M&A risks". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any informat

The Exchange had sought clarification from ING Vysya Bank Limited with respect to news item dated November 19, 2014 captioned "Kotak to acquire ING Vysya". The Company had clarified that "We are aware of the Company's disclosure obligation under Clause 36 of the Listing Agreement. The Company will abide by its obligation to make appropriate disclosure as and when such disclosures are necessitated by decision taken by the Company". The Exchange had sought additional clarification from the Company on; a) Whether such event/negotiations/article stated in published news were taking place? If so, y

The Exchange had sought clarification from ING Vysya Bank Limited with respect to news items captioned as follows: 1. Kotak to acquire ING Vysya 2. May merge ING Vysya with itself in ratio 2:2.5 3. In final stages to acquire ING Vysya 4. Deal values ING Vysya at Rs 16500 cr The Company has clarified that "We are aware of the Company's disclosure obligation under Clause 36 of the Listing Agreement. The Company will abide by its obligation to make appropriate disclosure as and when such disclosures are necessitated by decision taken by the Company".

The Exchange has sought clarification from ING Vysya Bank Limited with respect to recent news items captioned as follows : 1. Kotak to acquire ING Vysya 2. May merge ING Vysya with itself in ratio 2:2.5 3. In final stages to acquire ING Vysya 4. Deal values ING Vysya at Rs 16500 cr: In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of e

News Verification : The media had reports that "ING Likely to Exit Local Banking Biz" . The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ING Vysya Bank Limited has vide its letter inter-alia stated, "As the subject matter of the news item relates to ING as a shareholder, we have taken up this matter with ING and have been given to understand that ING never comments on the market rumours and speculations. ING Vysya Bank does not have

News Verification : The media had reports that ING may sell its stake in the Bank. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ING Vysya Bank Limited has vide its letter inter-alia stated, "On enquiring with our Foreign Promoters ING group, the clarification received from Corporate Communications, ING Amsterdam is as follows: "This has reference to the news in a section of the media, since last evening, indica

News Verification : The media had reports that ING Vysya Bank Limited may acquire a stake in Centurion Bank of Punjab and Kotak Mahindra Bank. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ING Vysya Bank Limited has vide its letter inter-alia stated, "We write to inform that ING Vysya Bank Ltd. is not in talks for acquiring stake either in Centurion Bank of Punjab or Kotak Mahindra Bank."

News Verification : The media had reports that ING Vysya Bank Limited may acquire a stake in Centurion Bank of Punjab and Kotak Mahindra Bank. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from ING Vysya Bank Limited.

Ing Vysya Bank Limited has informed the Exchange regarding the news item titled 'ING : In Exit mode?' published in Times of India dated October 10, 2005 under the caption WHAT's UP. In this connection ING Vysya Bank has informed the Exchange that Mr.Joseph Kestemont,Director of the bank has issued the following statement to its staff : "It has been reported in certain section of the Press today that ING is in talks with some Banks for selling its stake in ING Vysya Bank. As the senior resident representative of the ING Bank on the ING Vysya Bank Board, I confirm that ING is strongly committ

is also interested in purchasing at a later date, further shares comprising approximately 5% of the issued share capital of the Bank, either through market transactions or negotiated settlement with intention to increase its aggregate shareholding to approximately (but not more than) 49% of the issued equity share capital of the Bank, being the present maximum permissible limit for foreign direct investment (FDI) in banking companies under the automatic route. The Board of Directors at its meeting held on 28th June 2002, expressed its support and accorded its no objection to both the above tra

of RBI and other Regulatory Authorities. The Bank has no intimation either from BBL of ING Group or from International Finance Corporation on the deal reported. It is to be noted that any such acquisition is subject to RBI approval (acknowledgement) and no application in this regard has been made."

The press had reports that the ING Group is close to hiking its stake in ING Vysya Bank Limited to 49%. The Exchange in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded had written to the officials of the company. ING Vysya Bank Limited has vide its letter inter-alia stated, "BBL of ING Group has raised its stake in the Bank from 20% to 43.99% by acquiring shares from Indian Promoters Group in September 2002. BBL of ING Group, before raising its stake as above, has intimated