South Indian Bank to grant 43,04,710 options

The Board of Directors of the South Indian Bank Ltd. at its meeting held today has decided to grant 43,04,710 options to eligible employees including Managing Director & CEO under the 8th Tranche of SIB ESOS - 2008. No options were granted to Part-time Chairman and other non-executive Directors of the Bank.

Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.31.1 as compared to the previous close of Rs. 31.55. The total number of shares traded during the day was 1720622 in over 6131 trades.

The stock hit an intraday high of Rs. 31.8 and intraday low of 30.95. The net turnover during the day was Rs. 54137161.

Source : Equity Bulls

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