South Indian Bank raises Rs 631 crore via rights issue
Tuesday, April 4, 2017, 6:02 PM
South Indian Bank (SIB) today said its recent initiative of Capital raising to support the business growth has been a great success. "The Rights issue of shares for a total amount of Rs 630. 99 crore was subscribed 1.84 times," the Bank said in a release here. The overwhelming response to the capital raising initiative is a reflection of investor confidence.