| SBI - Updates | 25/06/10 17:56 | |
| With reference to the earlier announcement dated December 11, 2008 regarding approval for takeover of SBICAP Securities Ltd. by the State Bank of India (SBI) from SBI Capital Markets Ltd.(SBICAP) to make it a direct subsidiary of SBI, State Bank of India has informed BSE that further, it has now been decided that SSL may continue to function as a subsidiary of SBICAP for better synergies. Thus, the earlier proposal of taking over SSL as a direct subsidiary of SBI stands withdrawn. |
--
Mayank Patwardhan
Equity Institutional Dealer
Khandwala Securities Ltd.
Mob. No -+91-9222211151
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