Skip to main content

SBI reveals Indore swap ratio

The State Bank of India has decided the share swap ratio for the merger of the State Bank of Indore with itself. For every 100 shares held in its smallest subsidiary, a shareholder will get 34 shares of the SBI.

“The central board of the bank (SBI), at its meeting on October 31, has approved the proposed scheme of acquisition of the State Bank of Indore by the State Bank of India, including a share exchange ratio proposing allotment of 34 equity shares of State Bank of India, in lieu of 100 equity shares of State Bank of Indore,” the SBI informed the NSE.

The scheme is subject to the final approval by the boards of both the banks after the grievances of shareholders are considered. It also awaits the green signal by the RBI and the government.

Comments

Popular posts from this blog

Kerala boat tragedy: Thirty five bodies have been fished out of the water

THEKKADY / KOCHI: A thick veil of grief descended on the famed tourist spot of Thekkady on Wednesday when Kerala witnessed its worst ever boat tragedy in the Mullaperiyar waters as the KTDC’s Jalakanyaka, carrying about 76 passengers, sank. Thirty five bodies have been fished out of the water. Any hope of finding more tourists alive faded with the daylight even as rescue personnel continued their desperate search. The two-deck boat, commissioned just a month back, was returning to the boat landing after an hour-long sight-seeing trip when tragedy struck. All the passengers on the upper deck apparently rushed to one side of the boat to take photos of a lone bison spotted on the shore. At the same time many from the lower deck flocked to the top leaving the lower almost empty. This movement and the uneven distribution of weight caused the boat to overbalance and turn turtle. Those remaining on the lower deck were trapped inside while about 20 on the upper deck were rescued by other boa

Special Status For Jammu & Kashmir Scraped: 5 Points About Article 370

Jammu & Kashmir will also be "reorganized," Home Minister Amit Shah said as talks about the state being trifurcated into three separate fields- Jammu, Kashmir and Ladakh NEW DELHI: Article 370, which gives Jammu & Kashmir unique status, will be withdrawn this morning in parliament, Home Minister Amit Shah said . The announcement came after his cabinet meeting at his house this morning was held by Prime Minister Narendra Modi . Article 370 is a ' temporary provision ' granting special autonomous status to Jammu & Kashmir . It allows the state to draft its own Constitution and restricts the legislative powers of the parliament over the state. The government therefore requires state government approval for all legislation, except those related to defence, foreign affairs, finance, and communications. Parliament can not also improve or decrease the boundaries of the State under Article 370 As a consequence, citizens of Jammu & Kashmir

Enai Nokki Paayum Thotta Movie Review: Tiring and Unsatisfying

Movie Rating: 3/5 First of all things! The director's weakest film is the long delayed Enai Noki Paayum Thotta by Gautham Menon . The film's main weakness is the director's fascination with narrative style voice-over. It was good before Gautham used voice-over as a medium to tell his stories, but every scene in Enai Nokki Paayum Thotta begins and ends with Dhanush's voice-over, which irritates us after a point. The film is filled with tired stereotypes, and at a runtime of 157 minutes it is an unsatisfying watch. Like any other movie from Gautham Menon, here too hero Raghu (Dhanush) is a student of engineering, but this time his wife is not a student, but a film heroine Lekha ( Mega Akash ).She tells him she is not interested in movies and her boss Kuberan (Senthil Veeraswamy) coerced her into the profession for money (it looks like the girl is an orphan and Kuberan supported her studies and is her guardian). Raghu takes her to his Pollachi house and introduc