Question
Weak bank ltd (WBL) has been losing Rs.10 crore p.a. for last 5 years. Healthy bank limited (HBL) is a profitable bank and is likely
Weak bank ltd (WBL) has been losing Rs.10 crore p.a. for last 5 years. Healthy bank limited (HBL) is a profitable bank and is likely to make profits of Rs.50 crore p.a. for several years to come. WBL is getting merged into HBL w.e.f 1st April 2021, Name of the merged entity will be HBL
WBL & KBL are
Based in lucknow and pune respectively where they have strong networks. Having several subsidiaries doing insurance, mutual funds, investment banking etc. Held substantially by foreign shareholders. Are listed on BSE and NSE
1. Show the projected PBT & PAT of the merged entity for four years
2. List all the approvals which may be required for the above merger
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