SBJJSimmler Brazilian Jiu-Jitsu Academy (Massachusetts)
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The six banks comprise five associate banks, namely State Bank of Bikaner and Jaipur (SBJJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), plus Bharatiya Mahila Bank Limited (BMB).
"Based on current stock market prices, the acquisition of the remaining outstanding shares in SBJJ, SBM and SBT will cost SBI about Rs 16.6 billion ($250 million)," Moody's said.
In addition, SBJJ, SBM and SBP are also listed with the presence of minority shareholders.