November 20, 2014 / 4:32 AM / 3 years ago

MARKET EYE -India's Kotak, ING Vysya Bank surge to life highs on M&A talk

* Kotak Mahindra Bank surges as much as 7.6 pct to
record high of 1,159.15 rupees.
* Heads towards biggest single-day gain since September 2013.
* ING Vysya Bank soars as much as 7.4 pct to record
high of 813.50 rupees.
* Kotak is close to acquiring ING Vysya bank, ET Now business
news channel reported on Wednesday. (bit.ly/1t6wGno)
* Acquisition will be good fit for Kotak - Nomura.
 
* Kotak says no decision has been made in relation to any
merger. 

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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