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INDIA'S LORD KRISHNA BANK SET FOR BANK ACQUISITION, IPO.
NEW DELHI, Jan 1 Asia Pulse - India's Lord Krishna Bank (LKB) is drawing up plans to acquire a bank in the next 2-3 months while planning to tap the market with a Rs 2-2.5 billion (US$41.5-$51.8 million) share issue after September 2002.
"The bank is likely to finalise the acqusition in the next two-three months," LKB director Ashwani K Puri told PTI but declined to name the banks shortlisted.
He said the acquisition was part of the expansion drive that the bank has embarked in recent years.
LKB, established in 1940 at Trissur, in the south Indian state of Kerala, has grown through the merger and acqusition route. The bank took over Thylya Bank, Josna Bank and Kerala Union Bank in its short life span. "We are also considering a tie up with large banks for sharing of ATM facilities," ...
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- Centurion, Lord Krishna Bank shareholders approve merger.
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Centurion, Lord Krishna Bank shareholders approve merger Mumbai...Centurion Bank of Punjab (CBoP) and Lord Krishna Bank have approved the proposed merger...means for every five shares held of Lord Krishna Bank, its shareholders will receive...
- RBI approves CBoP, Lord Krishna Bank merger.
- News wire article from: PTI - The Press Trust of India Ltd. August 28, 2007 700+ words
RBI approves CBoP, Lord Krishna Bank merger Mumbai, Aug 28 (PTI...approved the amalgamation of Lord Krishna Bank Ltd (LKB) with Centurion Bank...of Rs 10 each held by them in Lord Krishna Bank Ltd on the record date to be...
- Federal Bank, Lord Krishna Bank call off merger.
- News wire article from: PTI - The Press Trust of India Ltd. November 7, 2005 700+ words
Federal Bank, Lord Krishna Bank call off merger Mumbai, Oct 7 (PTI) Federal Bank Ltd today said it has decided to call off its proposed merger with Lord Krishna Bank Ltd (LKBL). The managements of Federal Bank and LKBL have...
- Lord Krishna Bank registers impressive business volumes.
- News wire article from: PTI - The Press Trust of India Ltd. May 15, 2004 700+ words
Kochi, May 15 (PTI) The Kerala-based Lord Krishna Bank, one of the fastest growing private sector banks in India, has achieved a business growth of 33 per cent during 2003-04. The...
Source: HighBeam Research, INDIA'S LORD KRISHNA BANK SET FOR BANK ACQUISITION, IPO.