New Delhi, India (19 March 2020)
Valuation Research Group (VRG), a leading global provider of independent valuation, advisory and value-related services is pleased to announce that VRG’s India-based member firm, RBSA Advisors, acted as a financial advisor on the bank mega-merger.
The mega-merger of 10 PSU Banks into four large banks has resulted in significant consolidation fo the banking industry in India. RBSA Advisors is proud to inform they acted as a financial advisor on all four bank mergers.
RBSA Advisors were financial advisors to the Boards of Oriental Bank of Commerce, Syndicate Bank, Corporation Bank, and Allahabad Bank to provide a fairness opinion on the share swap ratio for these transactions.
With this, RBSA has acted as a financial advisor on all bank consolidations after their similar role in Bank of Baroda, Dena Bank, and Vijaya Bank merger as well as State Bank of India and Associate Bank Merger.
Valuation Research Group (VRG) is a global valuation practice that furnishes expert and independent opinions of value for solvency, fairness, business enterprises, intangible assets, capital stock, equity interests, real estate and fixed assets. VRG has a network of over 1,300 professionals located in offices throughout continental Europe and the United Kingdom, Brazil, China, India, Mexico, Canada, Argentina, Australia, and the United States. The India practice operates as RBSA Advisors.