South Indian Bank Ltd approves allotment of 582816 Equity Shares

The Nomination and Remuneration Committee of the Board of South Indian Bank Ltd by a resolution passed today has allotted 5,82,816 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. 180,34,18,775/- consisting of 180,34,18,775 Equity shares of Re.1/- each.). These shares are pari-passu in all respects with the existing shares.

Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.25.8 as compared to the previous close of Rs. 25.45. The total number of shares traded during the day was 1542975 in over 1899 trades.

The stock hit an intraday high of Rs. 25.95 and intraday low of 25.4. The net turnover during the day was Rs. 39775405.

Source : Equity Bulls

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