Merger of Associate Banks with SBI 2017
M erger of ABs with SBI Whether shareholders of associate banks (ABs) benefitted? A n interesting read 1. Three ABs SBBJ, SBT and SBM were listed entities. SBH and SBP were 100% owned by SBI. 2. The swap ratios for getting the shares of SBI were fixed in August 2016 as under: For i. 10 shares of SBBJ, 28 shares of SBI ii. 10 shares of SBT, 22 shares of SBI and iii. 10 shares of SBM, 22 shares of SBI were allotted. 3. Share prices of the four banks 'prior to' and 'post' announcement of swap ratio in august 2016 reads as follows Prior Post SBBJ 488 673 SBT 363 505 SBM ...