03/03/2017
*State Bank of India ::: Merger*
* RECORD DATE : 17TH MARCH 2017*
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The Government of India (GOI) has issued the "Acquisition of State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala("SBP") and State Bank of Hyderabad ("SBH") Orders,2017" in terms of which the entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in the State Bank of India with effect from 1st April, 2017.
Further, in terms of regulation 30 of the Listing Regulation, we advise that in pursuance of the above Order, the Executive Committee of the Central Board of the State Bank of India (SBI) has today fixed 17th March, 2017 as the Record Date for determining the eligible minority shareholders of SBBJ, SBM and SBT entitled to receive equity shares of face value of Re.1 (one) each, (fully paid up), of SBI at the agreed swap ratio as under:
a) For shareholders of SBBJ - 28 equity shares of SBI of the Face Value of Re. 1 each to be issued in lieu of 10 equity shares of SBBJ of the Face Value of Rs. 10 each.
b) For shareholders of SBM - 22 equity shares of SBI of the Face Value of Re. 1 each to be issued in lieu of 10 equity shares of SBM of the Face Value of Rs. 10 each.
c) For shareholders of SBT - 22 equity shares of SBI of the Face Value of Re. 1 each to be issued in lieu of 10 equity shares of SBT of the Face Value of Rs. 10 each.
State Bank of India
CMP = Rs. 265.15
MARKET CAP = Rs. 2,11,417.47 crore
State Bank of Bikaner & Jaipur
CMP = Rs. 731.80
MARKET CAP = Rs. 5,122.60 crore
State Bank of Mysore
CMP = Rs.577.85
MARKET CAP = Rs. 2,774.46 crore
State Bank of Travancore
CMP = Rs. 575.20
MARKET CAP = Rs. 3,583.87 crore