Kotak Mahindra Bank has considered and granted the approval for the amalgamation of ING Vysya Bank with itself. Post amalgamation, ING Vysya shareholders will get 725 shares of Kotak for every 1,000 they own. Dutch financial giant ING, which has a 42.73 per cent holding in ING Vysya, will have a 25.3 per cent stake in the merged entity, making it the largest non-promoter shareholder.
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