Corporate News 25-Feb-21
Board of South Indian Bank approves preferential allotment up to 28.30 cr equity shares
At meeting held on 25 February 2021
The Board of South Indian Bank at its meeting held on 25 February 2021 has approved the issuance of up to 28,30,18,867 equity shares of face value of Re. 1 each to HDFC Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI Life Insurance Company and ICICI Lombard General Insurance Company at a price of Rs 8.48 per share aggregating Rs 239.99 crore on preferential basis.
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