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  • Axis Bank and Enam Sec

    Transféré par

    Manoj Gupta
    80 vues14 pages
    Axis Bank Started operation in 1994 Third-largest private sector lender in the country Distribution network of 1,622 branches and over 10,000 ATMs spread across 1,050 centres in the country Axis Bank - Enam Securities Vision and Core Values VISION 2015 to be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology.

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    Axis Bank Started operation in 1994 Third-largest private sector lender in the country Distribution network of 1,622 branches and over 10,000 ATMs spread across 1,050 centres in the country Axis Bank - Enam Securities Vision and Core Values VISION 2015 to be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    80 vues14 pages

    Axis Bank and Enam Sec

    Transféré par

    Manoj Gupta
    Axis Bank Started operation in 1994 Third-largest private sector lender in the country Distribution network of 1,622 branches and over 10,000 ATMs spread across 1,050 centres in the country Axis Bank - Enam Securities Vision and Core Values VISION 2015 to be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 14

    11-10-2012

    Axis Bank Enam Securities

    Axis Bank
    Started operation in 1994 Third-largest private sector lender in the country Distribution network of 1,622 branches and over 10,000 ATMs spread across 1,050 centres in the country

    11-10-2012

    Axis Bank Enam Securities

    Vision & Core Values

    VISION 2015 To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology Core Values Customer Centricity Ethics Transparency Teamwork Ownership

    11-10-2012

    Axis Bank Enam Securities

    Shareholding Pattern
    Name LIC GIC New Indian Assurance Company Ltd National Insurance Company Ltd The Oriental Insurance Company Ltd. United India insurance Company Ltd. % of Holding 9.66% 1.83% 0.90% 0.80% 0.35% 0.28%

    11-10-2012

    Axis Bank Enam Securities

    Management Team
    Chairman Adarsh Kishore Managing Director Shikha Sharma CFO Somnath Sengupta

    11-10-2012

    Axis Bank Enam Securities

    Enam Securities
    Founded in 1984 to provide financial services Manek Bhanshali, Nemish Shah, Vallabh Bhanshali and Jagdish Master Founder Members

    11-10-2012

    Axis Bank Enam Securities

    Permission

    High Court of Bombay High Court of Gujarat RBI SEBI NSE BSE NSDL CDSL

    11-10-2012

    Axis Bank Enam Securities

    REASONS FOR MARRIAGE


    AXIS BANK

    - Larger market capital - Entry into equity capital market - Common with client profile - One stop financial shop
    ENAM SECURITITIES

    11-10-2012

    Axis Bank Enam Securities

    UNIQUE DEAL

    Cashless transaction No capital gain tax Vallabh Bhansali to be on the board as an independent director Bank shares were used as currency for payment of certain business

    This deal will set a precedent for other deals in future Insurance company or their division can be merged with banks
    Axis Bank Enam Securities
    9

    11-10-2012

    RBI Restrictions

    Did not favour Vallabh Bhansali to come on Board of Bank Business was acquired not by Axis bank but by wholly owned subsidiary The intangible worth (goodwill) is huge i.e. 2067 274 Cr. RBI was not sure of treatment of goodwill in Axis bank books RBI was worried of other banks following the similar transaction
    Axis Bank Enam Securities
    10

    11-10-2012

    First Leg of Transaction

    Announced on 16th september, 2011

    Consideration 3.3% Equity

    ENAM GROUP

    AXIS BANK

    DEMERGER
    Enam gets 13.7 million shares of Axis Bank equivalent to 3.35% equity 1 share of Enam to get 5.7 share of Axis Bank

    ENAM SECURTIES

    11-10-2012

    Axis Bank Enam Securities

    11

    Second Leg of Transaction

    AXIS BANK
    Pay 274 cr cash equivalent to bookvalue of Enam business

    SELL ENAM SECURITIES

    ASSL (wholly owned


    subsidiary of axis bank)

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    Axis Bank Enam Securities

    12

    Revised scheme
    After revised scheme Enam securities will get 2.93% stake in Axis Bank instead of 3.35% stake No Board Seat for any Enam Member Swap Ratio 1:5

    11-10-2012

    Axis Bank Enam Securities

    13

    Legal Status
    Got Shareholders approval on 16th September, 2011 Got RBIs approval after 17 months but no Board seat allotted The final phase of the transaction is expected to be completed in this financial year

    11-10-2012

    Axis Bank Enam Securities

    14

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