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Mumbai, July 12 (PTI) Bank of Rajasthan today said one of its independent directors, Dharinder Tayal, has offloaded 3,000 shares of the bank for over Rs 5 lakh in the market. In a disclosure to the Bombay Stock Exchange, BoR said Tayal has sold 3,000 shares for Rs 5.25 lakh through open market sale on the National Stock Exchange. Post the stake sale, Tayal holds 107 shares in the private sector bank. When contacted Praveen Tayal, the controlling shareholder in BoR, from whom ICICI Bank acquired stake, said, "Dharinder Tayal was not part of the Tayal family and was just an Independent Director in the bank." In May, the boards of both ICICI Bank and BoR approved the merger of the two banks in a all-stock deal. Earlier in March, market regulator SEBI had barred 100 entities related to BoR, including several members from the Tayal family, the founder promoters of the bank, from all stock market-related activities.
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