Rights Issue 2024
The Board of Directors of the Bank at their meeting held on December 27, 2023, approved the offer and issuance of fully paid-up equity shares of the Bank (the “Rights Equity Shares”) for an amount not exceeding Rs 1,750 crore, by way of a rights issue (“Rights Issue”), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.
Details of the Issue
Securities being Offered
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Equity Shares of face value of Re.1/- each
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Rights Entitlement
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1 Equity Share for every 4 Equity Shares held
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Issue Price
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Rs. 22/- (including Premium of Rs.21/-)
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Approximate No. of Shares in the Issue
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52,31,85,254 shares
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Issue Size - (In Rs. Crores)
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Rs.1151.01 crore
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Issue Opening Date
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06.03.2024 |
Issue Closing Date
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20.03.2024 |
Last date for On-Market Renunciation
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14.03.2024 |
Date of Allotment (On or about)
|
05.04.2024 |
Date of Credit (on or about)
|
09.04.2024 |
Intimation as per Regulation 92 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018 (“SEBI ICDR Regulations”) – Issue of advertisement in newspapers in respect of certain matters relating to rights issue of equity shares of the Bank (“Rights Issue”)
Intimation as per Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI (ICDR), Regulations, 2018 (“SEBI ICDR Regulations”) as amended
Intimation as per Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI (ICDR), Regulations, 2018 (“SEBI ICDR Regulations”) information advertisement in newspapers with respect to rights issue of equity shares of The South Indian Bank Limited (the “Bank”) (“Rights Issue”)
Intimation as per Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI (ICDR), Regulations, 2018 (“SEBI ICDR Regulations”) information advertisement in newspapers with respect to rights issue of equity shares of The South Indian Bank Limited (the “Bank”) (“Rights Issue”)
Intimation as per Regulation 84 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018 (“SEBI ICDR Regulations”) and other applicable provisions of SEBI ICDR Regulations, 2018 and SEBI LODR Regulations, 2015 – Issue of advertisement in newspapers in respect of certain matters relating to rights issue of equity shares of The South Indian Bank Limited (the “Bank”) (“Rights Issue”)
Letter of Offer (LOF)
Abridged Letter of Offer (ALOF)
Application Form
Outcome of Board Meeting
Prior Intimation of Board Meeting