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South Indian Bank raises Rs 631 crore via  rights issue

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.
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