South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Rights Issue 2024
The Board of Directors of the Bank at their meeting held on December 27, 2023, approved the offer and issuance of fully paid-up equity shares of the Bank (the “Rights Equity Shares”) for an amount not exceeding Rs 1,750 crore, by way of a rights issue (“Rights Issue”), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.
Details of the Issue
Securities being Offered
Equity Shares of face value of Re.1/- each
Rights Entitlement
1 Equity Share for every 4 Equity Shares held
Issue Price
Rs. 22/- (including Premium of Rs.21/-)
Approximate No. of Shares in the Issue
52,31,85,254 shares
Issue Size - (In Rs. Crores)
Rs.1151.01 crore
Issue Opening Date
Issue Closing Date
Last date for On-Market Renunciation
Date of Allotment (On or about)
Date of Credit (on or about)
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