South Indian Bank Ltd board to consider fund raising on Sep 4, 2020

A meeting of the Board of Directors of South Indian Bank Ltd is scheduled on 04/09/2020, to consider and approve the raising of funds by way of issuance of equity shares including but not limited through preferential issue and/ or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on private placement basis, FPO, Rights Issue etc. subject to regulatory approvals, as may be required.

The board will also consider borrowing/ raising funds in Indian/ foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, MTN, subject to regulatory approvals, as may be required.

Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.7.61 as compared to the previous close of Rs. 7.49. The total number of shares traded during the day was 8254919 in over 12421 trades.

The stock hit an intraday high of Rs. 7.89 and intraday low of 7.41. The net turnover during the day was Rs. 63151371.

Source : Equity Bulls

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