Share swap ratio of PSU bank after mega merger

ICICI Securities (I-Sec) on Tuesday estimated that Syndicate Bank shareholders would get 140 shares of Canara Bank for every 1,000 shares of Syndicate Bank, while Allahabad Bank shareholders would get 176 shares of Indian Bank for every 1,000 shares of Allahabad Bank.

As per estimation that while Oriental bank of Commerce (OBC) shareholders would get 1130 shares of Punjab National Bank(PNB) for every 1000 shares of OBC.United Bank of India shareholders would get 160 shares of Punjab National Bank(PNB) for every 1000 shares of United Bank of India,as a part of merger swap ratios.

Similarly Andhra bank shareholders would get 330 shares of Union Bank of India for every 1000 shares of Andhra Bank.Corporation Bank shareholders would get 320 shares of Union Bank of India for every 1000 shares of Corporation Bank.