The Board of Directors of The South Indian Bank Ltd on the 15th June, 2019 has considered and approved the raising of funds in Indian / foreign currency by way of issuance of debt securities including but not limited to non-convertible debentures, Bonds (including bonds forming part of Tier I / Tier II capital in accordance with and subject to the terms and conditions specified in the Basel III Capital Regulations prescribed by RBI, MIN, long-term infrastructure bonds or such other securities as may be permitted by RBI from time to time) up to Rs.500 crores by the Bank, in domestic and / or overseas market, on a private
placement basis and / or for making offers and / or invitations therefore and / or issue(s) / issuances therefore, on private placement basis, for a period of one year from the date hereof, in one or more tranches and/ or series and under one or more shelf disclosure documents and / or one or more letters of offer and on such terms and conditions for each series / tranches including the price, coupon, premium, discount, tenor etc., as deemed, as per the agreed structure and within the limits permitted by RBI and other regulatory authorities, to eligible investors, subject to approval of the Shareholders.
Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.13.21 as compared to the previous close of Rs. 13.37. The total number of shares traded during the day was 726893 in over 879 trades.
The stock hit an intraday high of Rs. 13.43 and intraday low of 13.04. The net turnover during the day was Rs. 9577701.