South Indian Bank has received approval for raising of funds up to Rs 2000 crore or its equivalent amount in such foreign currencies, by issuance of equity shares/other securities including but not limited through public issue, private placement, preferential issue and/or Qualified Institutional Placement (QIP), Further Public Offer (FPO), Rights Issue or any other international offering like Global Depository Receipts (GDRs)/ American Depository Receipt (ADRs)/Foreign Currency convertible bonds (FCCBs ), any other Tier I instrument permitted by regulator( s) or any other permissible mode/appropriate route permitted or a combination thereof, at such price, time, premium, mode etc, in one or more tranches and on such other terms and conditions, as may be decided by the Board from time to time, subject to the applicable regulatory approvals, if any.
The board of director at their meeting held on June 7, 2022 has approved the same. The Board further recommended the same for the approval of shareholders by way of Special resolution at the forthcoming Annual General Meeting.
South Indian Bank is considered one of the most proactive banks in India with a competent tech savvy team of professional at the core of services.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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