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South Indian Bank informs about Outcome of Board Meeting

17 Jul 2014 Evaluate

South Indian Bank has informed that the Board of Directors of the Bank at its meeting held on July 16, 2014, has decided to augment the paid-up capital by issue of equity shares not exceeding Rs. 20 crores in nominal value through Qualified Institutional Placement (QIP). The price and time of the issue will be intimated in due course.

The above information is a part of company’s filings submitted to BSE.