SBI - Acquisition of State Bank of Indore

State Bank of India has informed BSE that the Government of India has issued the "Acquisition of State Bank of Indore Order, 2010" vide Order dated July 28, 2010. In terms of the said Order, the entire undertaking of State Bank of Indore shall stand transferred to and vested in the State Bank of India from the 30th day from the date of the Order, i.e. from August 26, 2010. The aforesaid Order has been issued under sub-section (2) of Section 35 of the State Bank of India Act, 1955.

Regards,
Free Indian Stock Tips Team