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The stocks of both the companies The buyer company ³swallows´ the
are surrendered, while new stocks business of the target company, which
are issued afresh. ceases to exist.
For example, Glaxo Welcome and r. Reddy's Labs acquired Beta harm
SmithKline Beehcam ceased to exist through an agreement amounting $597
and merged to become a new company, million.
known as Glaxo SmithKline.
Regulatory act¶s for merger:-
^ The Companies Act, 1956
^ The Takeovers Code, 1997
^ The Monopolies and Restrictive Trade Practices Act,
1969
^ The Foreign Exchange Management Act, 1999
^ The Foreign {nvestment Promotion Board (F{PB)
^ The Reserve Bank of {ndia
^ The {ncome Tax Act, 1961
{ndustry Banking
Financial services
Headquarters Mumbai,{ndia
Website www.idbibank.com
{B{ Bank Ltd - Company Profile
Snapshot
d {{
Ticker: 500116
Exchanges: BOM
Country: {N{A
Employees: 10201
Total mergers of {B{