News Details

( 02 Jun 2021)
South Indian Ban - Reply to Clarification Sought

SOUTHBANK: The Exchange had sought clarification from The South Indian Bank Limited with respect to announcement dated 28-May-2021, regarding Incorporation for Wholly Owned non-financial Subsidiary. On basis of above the Company was required to clarify following:??1. Cost of acquisition or the price at which the shares are acquired;2. Nature of consideration - whether cash consideration or share swap and details of the same;The response of the Company is attached.