Friday, August 19, 2016

SBI TO MERGE SBBJ, SBM, SBT AND BMBL

SBI will merge SBBJ, SBM, SBT and BMBL with self. The acquisition scheme provides for allotment of:

a. 28 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of SBBJ

b. 22 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of SBM

c. 22 equity shares of Rs each of SBI fvor every 10 equity shares of Rs 10 each of SBT

d. 4,42,31,510 equity shares of Rs 1 each of SBI for every 100 crore equity shares of Rs 10 each of BMBL.



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