South Indian Bank Ltd approves allotment of 4500 Equity shares pursuant to exercise of options granted under SIB ESOS - 2008

The Nomination and Remuneration Committee of the Board of South Indian Bank Ltd by a resolution passed on November 29, 2016 has allotted 4,500 Equity Shares of face value Re. 1/- each pursuant to exercise of options granted under the South Indian Bank Employees Stock Option Scheme (SIB ESOS - 2008). Post the above allotment, the paid-up Equity share capital of the Bank would stand at Rs. 135,17,38,250/- consisting of 135,17,38,250 Equity shares of Re. 1/- each.

Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.21 as compared to the previous close of Rs. 20.95. The total number of shares traded during the day was 918470 in over 428 trades.

The stock hit an intraday high of Rs. 21.25 and intraday low of 21. The net turnover during the day was Rs. 19391256.

Source : Equity Bulls

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