South Indian Bank approves QIP

The Board of Directors of South Indian Bank Ltd at its meeting held on July 16, 2014, has decided to augment the paid-up capital by issue of equity shares not exceeding Rs. 20 crores in nominal value through Qualified Institutional Placement (QIP). The price and time of the issue will be intimated in due course.

Shares of SOUTH INDIAN BANK LTD. was last trading in BSE at Rs.32.7 as compared to the previous close of Rs. 33.7. The total number of shares traded during the day was 9350050 in over 18778 trades.

The stock hit an intraday high of Rs. 34.5 and intraday low of 32.45. The net turnover during the day was Rs. 316179905.

Source : Equity Bulls

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