Acquisition

Of Bank of Rajasthan By ICICI

Bank

ICICI BANK
TYPE
TREDED

(PROFILE) 2010
PRIVATE LIMITED
COMPANY
BSC-532174, NSC.

INDUSTRY

BANKING & FINANCIAL SERVICES.

FOUNDED

1954.

PRODUCT

LOAN, INVESTMENT, FINANCE &

INSURANCE.

HEADQUATER

MUMBAI, INDIA.

AREA SERVED

WORLDWIDE, 18 CONTRY.

NET PROFIT
TOTAL ASSET

Rs. 40.25 BILLIAN.

Rs. 3634.00 BILLIAN.

BANK OF RAJASTHAN
(PROFILE)2010
TYPE

TREDED

PRIVATE LIMITED
COMPANY
BSC-500015.

INDUSTRY

BANKING.

FOUNDED

1943.

PRODUCT

LOAN, SAVING, INVESTMENT.

HEADQUATER

UDAIPUR, INDIA.

AREA SERVED

INDIA.

NET PROFIT
TOTAL ASSET

Rs. 1.18 BILLIAN.

Rs. 172.24 BILLIAN.

Acquisition Motive Inorganic

Growth
Since 1997, ICICI Bank has acquired smaller banks
to
increase its reach.
1997 Acquired ITC Classic Finance
1998 Acquired Angram Finance
2000 Acquired with the Bank of Madura
2007 Acquired Sangli Bank
2010 Acquiring Bank of Rajasthan

Details of Merger & Acqisition Acquiring Company- Bank Of

Rajasthan

Acquired Company- ICICI Bank

Type Of Acquisition- Horizontal

Acquisition.

Process of Acquisition

This is a horizontal acquisition in related function area in same

industry
as banking sector.
In order to acquire asset of a non-performing company and
turn it around by better management.
Achieving inorganic growth for self by access to 3 million
customer of BOR and 463 branches.
ICICI Bank said it agreed to acquire Bank of Rajasthan t0
strengther its presence in northern & western India.

Contin......
ICICI Bank offered to pay 188.42 rupee per share, in all
share deal for Bank of Rajasthan.
ICICI Bank offering the smaller banks to controlling
shareholders 25 share in ICICI for 118 shares of Bank of
Rajasthan.
The board of both banks have granted in-principle
approval for the acquisition in May 2010.
Post-acquisition ICICI bank branch network go up to
2463 from 2000 branches.

Thank You.....