Kotak Mahindra Bank Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 20, 2014, has considered and granted its approval for the amalgamation of ING Vysya Bank with Kotak Mahindra Bank. The Board has approved the share swap ratio of 725 equity share of Rs. 5/- each of Kotak Mahindra Bank for every 1000 equity shares of Rs. 10/- each held in ING Vyasya Bank. Post-amalgamations, shareholders of ING Vyasa Bank will receive shares of Kotak Mahindra Bank in the aforementioned ratio, resulting in change in shareholding of Kotak Mahindra Bank. The proposed consolidation is founded on leveraging significant complementarities that exist between both the banks, particularly relating to branch network, product offering and customer segments. This revenue synergy led and growth oriented amalgamation, adopting best practices of banking, governance and prudence from both banks, is expected to result in a superior platform benefitting from efficiencies of size and scope over time for all stakeholders such as shareholders, customers, and employees. The amalgamation does not fall within the purview of related party transactions. Kotak Mahindra Bank and ING Vyasa Bank are private sector banks, offering a wide range of financial services. The transaction will be under Section 4A of the Banking Regulation Act and is subject to the approval of shareholders of both the banks and statutory approvals including those from the Reserve Bank of India and Competition Commission of India. ING Vysya Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on November 20, 2014 has considered and granted its approval for the amalgamation of ING Vysya Bank with Kotak Mahindra Bank. The Board has approved the share swap ration of 725 equity share of Rs. 5/- each of Kotak Mahindra Bank for every 1000 equity shares of Rs. 10/- each held in ING Vysya Bank. Kotak Mahindra Bank Ltd has submitted to BSE a copy of the Press Release and the analyst presentation in relation to the amalgamation of ING Vysya Bank with Kotak Mahindra Bank. (As Per BSE Announcement dated on 20/11/2014) ING Vysya Bank Ltd has submitted to BSE a copy of Joint Press Release regarding Kotak Mahindra Bank and ING Vysya Bank Announce Merger. (As Per BSE Announcement Dated on 21.11.2014) ING Vysya Bank Ltd has informed BSE: 'In accordance with the terms of the proposed merger and as assured by Kotak Mahindra Bank ('Kotak') in its public statement, Kotak would respect and honour all employee-related contractual commitments of the Bank as agreed upon in the merger deal. The Company will abide by its obligations to make appropriate disclosures as and when such disclosures are necessitated by decisions taken by the Bank.' (As Per BSE Announcement Dated on 15.12.2014) ING Vysya Bank Ltd has informed BSE that the Extraordinary General Meeting (EGM) of the Bank was held on January 07, 2015. In this regard the Bank has issued a copy of Press Release titled 'Shareholders approve merger of ING Vysya Bank with Kotak Bank'. (As Per BSE Announcement Dated on 08.01.2015) Kotak Mahindra Bank Ltd has informed BSE that Competition Commission of India (CCI) has approved the proposed combination in the nature of merger of ING Vysya Bank Limited with Kotak Mahindra Bank Limited under Section 31(1) of the Competition Act, 2002. (As Per BSE Announcement Dated on 20.02.2015) ING Vysya Bank Ltd has informed BSE that Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Limited with Kotak Mahindra Bank Limited. The scheme of amalgamation shall come into effect from April 01, 2015. Kotak Mahindra Bank Ltd has informed BSE that Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Limited with Kotak Mahindra Bank Limited. The Scheme of Amalgamation shall come into effect from April 01, 2015. (As per BSE Announcement Dated on 01.04.2015) Kotak Mahindra Bank Ltd has informed BSE that April 17, 2015 has been fixed as the Record Date for the purpose of ascertaining the shareholders of ING Vyasa Bank Limited who shall be entitled to the shares of Kotak Mahindra Bank Ltd in the ratio of 725 equity shares of Rs. 5/- each in the transferee Bank i.e. Kotak Mahindra Bank Ltd for every 1000 equity shares of Rs. 10/- each held in transferor Bank i.e. ING Vyasa Bank Ltd. (As Per BSE Announcement Dated on 06.04.2015) SUB. : - Scheme of Amalgamation of ING Vysya Bank Ltd. (Scrip Code 531807) Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of ING Vysya Bank Limited with Kotak Mahindra Bank Ltd. as approved by the Reserve Bank of India. Kotak Mahindra Bank Ltd. has fixed a Record Date to determine the entitlement of shareholders of ING Vysya Bank Ltd. to the equity shares of Kotak Mahindra Bank Ltd. Trading Members are advised not to deal in the equity shares of ING Vysya Bank Ltd. with effect from the under mentioned date. COMPANY NAME CODE ING Vysya Bank Ltd. (431807; 531807; 631807) RECORD DATE 17/04/2015 PURPOSE The Scheme of Amalgamation: - Amalgamation of ING Vysya Bank Ltd. with Kotak Mahindra Bank Ltd. Upon the Scheme becoming effective, Kotak Mahindra Bank Ltd shall issue and allot shares to all the shareholders of ING Vysya Bank Ltd. in the following share exchange ratio: 725 equity shares of Rs. 5/- each of Kotak Mahindra Bank Ltd. for every 1000 equity share of Rs.10/- each held in ING Vysya Bank Ltd. NO DEALINGS FROM 16/04/2015 DR-011/2015-2016 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 07.04.2015) Kotak Mahindra Bank Ltd has informed BSE regarding 'Allotment of equity shares of Kotak Mahindra Bank Limited to the shareholders of ING Vysya Bank Limited' At the meeting of the merger allotment committee of Kotak Mahindra Bank Limited (KMBL) held today, the committee has allotted, pursuant to the scheme of amalgamation, 139,205,159 equity shares of Rs. 5 each of KMBL to the shareholders of ING Vysya Bank Limited (1VBL) as on the record date, i.e., 17th April 2015, in the ratio of 725 equity shares of Rs. 5 each of KMBL for every 1000 equity shares of Rs. 10 each held in IVBL. With this allotment, the aggregate foreign investment in KMBL has reached 48.5% which is approaching the composite cap of 49% on foreign investment under the automatic route. KMBL's application for an approval to increase the aggregate ceiling on foreign investment to 55% is currently under consideration of the FIPB (As Per BSE Announcement Dated on 21.04.2015)