SBI, associate banks merger: Share swap record date Mar 174 min ago

New Delhi, Mar 3 State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself. The merger process of the associates banks – State Bank of Bikaner and Jaipur , State Bank of Mysore , State Bank of Travancore , State Bank of Patiala and State Bank of Hyderabad – will take effect from April 1. The executive committee of the central board of SBI fixed March 17 as the record date for determining the eligible minority shareholder of SBBJ, SBM and SBT entitled to receive equity shares of face value of Re 1 each, of SBI at the agreed swap ratio, the bank said in a regulatory filing on stock exchanges.