Millennium Post

Shareholders okay Kotak-ING Vysya merger; 2 banks’ shares up over 5%

Shares of Kotak Mahindra Bank and ING Vysya Bank on Thursday saw good buying interest, surging more than 5 per cent, after the shareholders' approval to their merger deal.

Kotak Mahindra's scrip surged 5.53 per cent to settle at Rs 1,340.95 on the BSE. During the day, it climbed 6.31 per cent to touch its one-year peak of Rs 1,351.

Similarly, shares of ING Vysya Bank rose by 5.41 per cent to end at Rs 925.80 on the BSE. In intra-day, it soared 5.98 per cent to Rs 930.85 — its 52-week high.

Private sector Kotak Mahindra Bank has secured its shareholders' approval for amalgamation of Bangalore-based ING Vysya Bank with itself.
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