SBI invites independent valuers for merger

MUMBAI: SBI Capital Markets has invited proposals for independent valuation and determining the swap ratio for the merger of three State Bank of India (SBI) associates

MUMBAI: SBI Capital Markets has invited proposals for independent valuation and determining the swap ratio for the merger of three State Bank of India (SBI) associates and Bharatiya Mahila Bank with SBI. The proposals have been sought from chartered accountant firms, SBI Caps said in a public notice. The three SBI associates in question are State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur. The bank’s two other associates — State Bank of Hyderabad and State Bank of Patiala — which will also be merged subsequently, will be valued separately as they are not publicly traded entities.

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