Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | March 6, 2024 |
| Issue Close | March 20, 2024 |
| Issue Size (Shares) | 52.32 Crores |
| Issue Size (Amount) | ₹1,151.00 Crores |
| Issue Price | ₹22 per Share |
| Listing At | BSE, NSE |
The South Indian Bank Rights Issue 2024 Timetable
| Last Date for credit of Rights Entitlements | March 5, 2024 |
| Last Date for renunciation of Rights Entitlements | March 14, 2024 |
| Issue Opening Date | March 6, 2024 |
| Issue Closing Date | March 20, 2024 |
| Allotment Date | April 5, 2024 |
| Shares Credit Date | April 9, 2024 |
| Listing Date | April 12, 2024 |
The South Indian Bank Rights Issue 2024 price is set at ₹22 per Share. The The South Indian Bank Rights Issue 2024 opens on March 6, 2024, and closes on March 20, 2024, for the subscription.
The allotment of The South Indian Bank Rights Issue 2024 is expected to happen on or about April 5, 2024 as per the issue schedule.
The South Indian Bank Rights Issue 2024 expected to list on or around April 12, 2024.
The credit of The South Indian Bank Rights Issue 2024 in Demat account is expected on or about April 9, 2024 as per the issue schedule.
The Bank intends to utilize the net proceeds from the Issue to increase its Tier 1 capital base to meet future capital requirements expected to arise from growth in assets, primarily loans and investment portfolio, and to ensure compliance with regulatory capital requirements prescribed by the RBI from time to time.
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