September 05, 2016

State Bank Mergers- Shareholders Must Oppose Low Exchange Ratios

For Filing Objections ( Last date around 12/9/16 - PLEASE RECHECK _

https://www.sbbjbank.com/About-
Us/GrievanceRedressal_FormatObjection.pdf

We want

30 SBI shares of Re 1 each for every 10 shares  ( 10 paid up )of State Bank of Travancore / Mysore

45 shares of SBI of Re 1 each for every 10 shares ( Rs.10 paid up )of State Bank of Bikaner and Jaipur 

For Scheme of acquisition , please click :-

https://www.sbbjbank.com/About-Us/SchemeOfAcquisition.pdf



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State bank of India , also issued bonus shares (please recheck this )


http://www.financialexpress.com/archive/state-bank-plans-to-issue-bonus-shares/661041/

No Bonus Issue by State Bank of Travancore , State Bank of Bikaner and Jaipur etc 
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Public Shareholders of State Bank of India are being a very very low exchange ratio :-

State Bank of Travancore / State of Mysore : 22 shares of SBI for every 10 shares

State Bank of Bikaner and Jaipur 28 shares of SBI for every 10 shares

Please note Shares of State Bank of Travacore , State Bank of Mysore , State Bank of Bikaner and Jaipur are Rs. 10 paid up whereas shares of State Bank of India are Re 1 paid up .

This is sheer loot by the Brute Majority.

Now , the shareholders of State Bank of Travacore , State Bank of Mysore , State Bank of Bikaner and Jaipur  are being one opportunity to lodge their protest against these ratios.

The last date is around 12 th September , 2016

At least 100 minority shareholders collectively must sign the petition.

We earnestly request fellow shareholders / Investors Associations to take the lead in opposing these ratios and demand a minimum 50 % increase in the exchange ratios.also at official websites

At the websites of State Bank of Travancore


Email: cmsb@sbt.co.in

http://www.statebankoftravancore.com/portal/investor-grievances


 ( http://www.statebankoftravancore.com ) ,

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State Bank of Mysore ,

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https://www.sbbjbank.com/dynamic/your-grievances.jsp

  https://www.sbbjbank.com/

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Please go to Investors Page and Grievance Redressal  and file your objections

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Collective Written Petition can , also , be sent to :-

Datamatics Financial Services Limited,

Post Bag No 19454,
Plot No. B -5 , Part B Cross Lane,
MIDC, Andheri ( East )

Mumbai 400 093   

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 also click 


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Caution : Please recheck and recalculate  every figure and fact before taking any investment decision . No responsibility with this Blog / Writer 

General Warning : Investment in shares can be injurious to your WEALTH.


Caution :The blog writer has personal/ family members' holdings in State Bank of Bikaner and Jaipur and State Bank of Travancore ,so please make suitable "provisions " for likely over optimism


  All information given in good faith.  

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