From being perceived as a bitter pill to swallow to ending up in a favourable position, things have turned for the better for Bank of Baroda’s (BoB’s) shareholders. While the early gains faded in the BoB stock due to a dull day of trade, Vijaya Bank and Dena Bank ended in the deep red on Wednesday, down 7.5 per cent and 20 per cent, respectively.
More critically, with the swap ratio or share exchange ratio working in favour of BoB, the Street believes that a large part of uncertainty is now behind the stock. As Vijaya Bank is stronger than BoB on parameters such as ...
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