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sunlight
Groupie
Joined: 18/Sep/2007
Location: India
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Posts: 69
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   Posted: 24/Feb/2008 at 1:01pm |
Is the swap ratio going to be decided tomorrow?
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The Board of private sector lender HDFC Bank on Saturday began its meeting to discuss the merger possibility with Centurion Bank of Punjab.
The Board is expected to appoint auditors and accountants at today's meeting to assist it in the transaction.
HDFC Chairman Deepak Parekh, while entering the bank's premises in central Mumbai to attend the meeting, told mediapersons that if the bank's Board approved the merger proposal, then another meet would be called on Monday at 0730 hrs.
The share swap ratio would be decided at that meeting, Parekh said.
Edited by sunlight - 24/Feb/2008 at 1:01pm
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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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Posted: 24/Feb/2008 at 4:36am |
Well, I am quite disappointed with early fall of shikari. Anyway let's see what next....
Takeover of CBOP by HDFC Bank indicates that their strategy of 30% YoY was wrong/out-dated/mis-planned. In Banking, bigger is beautiful. I have learned couple of months ago, they seems to be now.....  Now one can forget both of these banks for a while. Needless to say that banking segment is red-hot with lots of more possibilities.....
Suggested Names: CBoHDFC, CHBoP, HDFC Bank of P, Punjabi CBoHDFC, C HDFC Bank... 
Edited by xbox - 24/Feb/2008 at 4:38am
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Don't bet on pig after all bull & bear in circle.
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muralimohan001
Senior Member
Joined: 22/Sep/2006
Location: United States
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Posts: 217
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Posted: 24/Feb/2008 at 9:20am |
Merger ratio 1:29 , favours HDFC bank
Source : Poweryourtrade
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If money is your hope for independence, you will never have it. The
only real security that a man can have in this world is a reserve of
knowledge, experience and ability.
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
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Posts: 1855
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Posted: 24/Feb/2008 at 10:16am |
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Name will remain HDFC Bank.
Edited by Mohan - 24/Feb/2008 at 10:50am
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Be fearful when others are greedy and be greedy when others are fearful.
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kanagala
Senior Member
Joined: 31/Mar/2007
Location: India
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Posts: 1229
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Posted: 24/Feb/2008 at 10:28am |
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Hi Basant sir,
What is your view on this merger for cbop share holders. It looks like share price is already tracking the hdfc bank share price. Do you think it is good idea to sell cbop share. It looks like hdfc bank share price might do down to the extent of dilution in EPS.
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
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Posts: 1283
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Posted: 24/Feb/2008 at 10:36am |
Originally posted by kanagala
Hi Basant sir,
What is your view on this merger for cbop share holders. It looks like share price is already tracking the hdfc bank share price. Do you think it is good idea to sell cbop share. It looks like hdfc bank share price might do down to the extent of dilution in EPS.
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Dillution to some extent would be compensated by the increase in No of shares of the combined entity. Dillution of EPS would majorly come in from the write offs that they will do over the next couple of quarters. Is this right Basantji?
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Warm REgards
Nitin Jagtap
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 24/Feb/2008 at 10:42am |
yes, the next coupe of quarters should be painful for short term investors and an opportunity for the longer term ones.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
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Posts: 1855
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Posted: 24/Feb/2008 at 10:48am |
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Looking forward to add HDFC Bank. I am glad the ratio 29 : 1 announced as per CNBC TV 18 is favorable to HDFC Bank considering that ratios being discussed were closer to 20 : 1
Seems like CBOP management was more interested in the merger with HDFC
Bank .
Edited by Mohan - 24/Feb/2008 at 10:51am
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Be fearful when others are greedy and be greedy when others are fearful.
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