Last checked at 11 Dec 2008 14:25
RNS Number : 9823J
State Bank Of India
11 December 2008
To RNS
LISTING AGREEMENT: CLAUSE 36
In terms of Clause 36 of the Listing Agreement, we advise that the acquisition of SBI Commercial and International Bank Ltd. (SBICI) has been approved by Boards of State Bank of India and SBICI subject to necessary regulatory approvals.
Further, the Executive Committee of Central Board (ECCB) of State Bank of India and the Board of SBI Capital Markets Ltd. (SBICAP) have approved takeover of SBICAP Securities Ltd. (SSL) by State Bank of India from SBI Capital Markets Ltd. to make it a subsidiary of State Bank of India subject to necessary regulatory approvals.
From General Manager
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