ICICI Bank gets approval from shareholders for merging with Sangli Bank
ICICI Bank has confirmed that they have now received the approval from their shareholders to go ahead with the merger with the Sangli Bank.
This decision was taken at the ICICI Bank’s extra-ordinary general meeting on January 20.
They would now require the approval from the Reserve [...]

Sangli Bank’s Employees oppose merger with ICICI Bank
ICICI Bank recently announced that they were going to acquire the Sangli Bank. However this merger is being opposed by the workers in the Sangli Bank who are somewhat apprehensive about ICICI Banks’ foreign ownership.
Even the Reserve Bank of India wants such kinds of deals to go through [...]

ICICI Bank to acquire Sangli Bank
ICICI Bank has confirmed that they would merge the unlisted The Sangli Bank Ltd. with itself. The deal would be conducted through stock transaction.
As part of the deal, shareholders of Sangli Bank will receive 100 shares of ICICI Bank for every 925 held. Kalpana Morparia, joint managing director at ICICI [...]