The Board of Oriental Bank of Commerce at its meeting held on 05 March 2020 has approved the following in respect of amalgamation of Oriental Bank of Commerce (Transferor Bank) into Punjab National Bank (Transferee Bank):

Share Exchange Ratio, subject to statutory / regulatory approvals:
1150 Equity shares of Rs 2/-each of Punjab National Bank for every 1000 Equity shares of Rs10/-each of Oriental Bank of Commerce.

Powered by Capital Market - Live News

eClerx Services Ltd, Future Consumer Ltd, BASF India Ltd and Sun Pharma Advanced Research Company Ltd are among the other gainers in the BSE's 'A' group today, 04 March 2020.

Oriental Bank of Commerce surged 13.90% to Rs 40.15 at 11:52 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 86229 shares in the past one month.

eClerx Services Ltd soared 10.13% to Rs 597.1. The stock was the second biggest gainer in 'A' group. On the BSE, 1.86 lakh shares were traded on the counter so far as against the average daily volumes of 10186 shares in the past one month.

Future Consumer Ltd spiked 9.97% to Rs 15. The stock was the third biggest gainer in 'A' group. On the BSE, 2.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.1 lakh shares in the past one month.

BASF India Ltd exploded 7.43% to Rs 1090.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 25056 shares were traded on the counter so far as against the average daily volumes of 16183 shares in the past one month.

Sun Pharma Advanced Research Company Ltd added 7.16% to Rs 158.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month.

Powered by Capital Market - Live News

Net profit of Oriental Bank of Commerce rose 39.11% to Rs 201.66 crore in the quarter ended December 2019 as against Rs 144.96 crore during the previous quarter ended December 2018. Total Operating Income rose 2.10% to Rs 4656.93 crore in the quarter ended December 2019 as against Rs 4561.12 crore during the previous quarter ended December 2018.

Powered by Capital Market - Live News

Oriental Bank of Commerce will hold a meeting of the Board of Directors of the Company on 23 January 2020.

Powered by Capital Market - Live News