“…Studies of rare B decays can give precise information about various fundamental parameters of SM like Cabbibo-Kobayashi-Maskawa (CKM) matrix elements, leptonic decay constants etc. In addition to this, rare B decays can also give information about various extensions of SM like two Higgs doublet model (2HDM) [2,3,4,5] , Minimal Supersymmetric Standard Model (MSSM) [6,7,8,9,10,11,12,13] etc. After the first observation of the penguin induced decay B → X s γ and the corresponding exclusive decay channel B → K * γ by CLEO [14] , rare decays have begun to play an important role in particle physics phenomenology.…”