To win over the small shareholders opposing its proposed merger with six public sector banks, State Bank of India (SBI) on Thursday announced a share swap scheme that gives investors more value for their holdings. According to the plan approved by the board of India's largest lender, investors in State Bank of Bikaner and Jaipur (SBBJ) holding 10 shares will get 28 shares of SBI. Investors in State Bank of Mysore (SBM) and State Bank of Travancore (SBT) holding 10 shares will get 22 SBI shares each. SBI will issue 44.2 million shares for 1,000 million shares of Bharatiya Mahila Bank. Since the two other associate banks - State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) - are already wholly-owned subsidiaries of SBI, no share-swap is required. This scheme would essentially mean a net gain of about 3.2 percent for shareholders of SBBJ and 7.9 percent for those of SBT, based on Thursday's share closing price. Investors of SBM, however, stand to lose about 12.2 percent. Analysts said that the share swap arrangement was a positive overall.