State Bk.in.gdr Regulatory News (SBID)

To RNS

LISTING AGREEMENT: CLAUSE 22

PROPOSED ACQUISITION OF STATE BANK OF INDORE ISSUANCE OF SHARES OF SBI TO MINORITY SHAREHOLDERS OF STATE BANK OF INDORE In terms of Clause 22 of the Listing Agreement, we advise that the Central Board of the Bank, in its meeting held on 26.03.2010, has approved issuance of maximum 1,16,052 shares, of face value of Rs.10 each, to the minority shareholders of State Bank of Indore as on record date at the agreed swap ratio (34 shares of State Bank of India for every 100 shares of State Bank of Indore), resulting in increase in the issued Capital of State Bank of India from Rs.634,96,85,000.00 to Rs.635,08,45,520.00 (maximum), subject to approval of the Scheme of Acquisition of State Bank of Indore by Government of India.

From (S.S. Pradban) General Manager