@hariesha wrote:@Redbulls wrote:@hariesha wrote:You should look at the IPO price of TFC under CBSL guided re-structuring program on 21st Jan. 2011.
40,000,000 shares were issued at Rs.40/-.
So any deal would have to happen Rs.40/- or above. Otherwise it will blow a huge loss for the investors brought in by CBSL in 2011.
This time that price seems to be impossible, and they don't want to get into another TFC-NSB drama.
News is another state bank and TFC is going to get merged and would be the first wedding under re-structuring of finance sector.
May be NSB