On January 29, 1929, The South Indian Bank Ltd initiated its operations in Round South, Thrissur. It was later incorporated into the second schedule of the Reserve Bank of India and officially designated as a scheduled bank on August 7, 1946.
Now they have announced the right issue of their shares below the dates and the necessary data given.
Corporate Action | |
---|---|
Security Name | The South Indian Bank Ltd |
Issue Open/Close | March 6, 2024- March 20, 2024 February 27, 2024 |
Record Date | February 27, 2024 |
Last Date to Buy | February 26, 2024 |
Issue Size (Amount) | ₹1,151.00 Crores |
Issue Size (Shares) | ₹523,185,254 |
Right Issue Price | ₹22 per share |
Face Value | ₹5 Per Shares |
CMP | ₹36.30 |
Renunciation of Rights Entitlements | February 16, 2024 |
Terms of Payment | TBA |
Entitlement | ₹1 Rights Equity Shares for every 4 fully paid-up Equity Shares held on Record Date |
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