Citigroup through its affiliate Citigroup Global Markets Mauritius has bought more than 1.76 crore shares or 0.7% stake in South Indian Bank. The shares of South Indian Bank were picked up at Rs 28.78 per piece. Copthall Mauritius Investment sold shares of South Indian Bank at the same price.
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.