South Indian Bank board meeting will be hung on September 04, 2020 to recall elevating of funds via way of issuance of fairness stocks such as but no longer constrained via preferential problem and/ or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on personal placement basis, FPO, Rights Issue and many others. Concern to regulatory approvals, as can be required.
The Board can even take into account borrowing/ elevating finances in Indian! Foreign foreign money by means of trouble of debt securities including but no longer constrained to non-convertible debentures, bonds, MTN in phrases of Section forty two of the Companies Act, 2013 study with Companies (Prospectus and Allotment of Securities) Rules,20 14, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the SEBI Listing Regulations and different applicable laws, if any, problem to regulatory approvals, as may be required.
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