The study would be done to examine the "viability of considering and exploring the possibility" of merging the SBI Business Process Management Services Pvt Ltd with frontend company, SBI Cards & Payment Services Pvt Ltd.
"We advise that the SBI Card JV board in its meeting held on March 26, 2018 approved the appointment of consultants for conducting a study to examine the viability of considering and exploring the possibility of merging the JV entities," the SBI said in a regulatory filing.
It also said its committee of directors for capital raising on Tuesday accorded approval to issue over 29.25 crore equity shares to government at a price of Rs 300.82 each against a capital infusion of over Rs 8,799.99 crore.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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