SOUTH INDIAN BANK LTD. stock discussion
SOUTHBANK South Indian Bank Gains After $139 Million Rights Issue PlanSouth India Bank gained as much as 4%, most since Feb. 8, after the bank said it plans to raise as much Rs1150 through a rights issue of shares to at Rs22 each.
Shareholders will be offered one share for every four held by them
After right issue –adjusted price will be around Rs 31.6 per share while currently share is trading around Rs34.2.
South Indian Bank Right issue Record Date - 27/02/2024
Issue Open Date - 06/03/2024
Issue Close Date - 20/03/2024
SOUTHBANK ready for a big move