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Title : South Indian Bank Rights Issue Opens Tuesday Feb 28,2017
link : South Indian Bank Rights Issue Opens Tuesday Feb 28,2017

South Indian Bank Rights Issue Opens Tuesday Feb 28,2017

The Rights Issue of South Indian Bank opens for its shareholders on Tuesday Feb 28,2017 and ends on March 14,2017

 The board of directors had approved the rights issue at a price of ₹14 a share in the ratio of 1:3 (one share for every three fully paid-up equity shares held in the bank.) South Indian Bank plans to offer 45.07 lakh shares in the rights issue. 

The bank has fixed February 17 as the record date for deciding the shareholders eligible to apply for the shares on rights basis.

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