Right Issue-2017 of The Bank
Issue of up to 1,00,00,000 equity shares of face value Rs. 10.00 each (“rights equity shares”) of our Bank
for cash at a price of Rs. 24.00 per rights equity share (“issue price”) including a premium of Rs. 14.00 per
rights equity share aggregating up to Rs. 24.00 crore on a rights basis to the eligible shareholders of the
bank in the ratio of 1 rights equity share for 6.75 fully paid-up equity shares held by such eligible
shareholder on the record date, that is, February 23, 2017 (“issue”). The entire issue price for the rights equity shares is payable on application.
| Offer opens on |
March 04, 2017 |
| Last date for receipt of requests for split application forms |
March 11, 2017 |
| Offer closes on |
March 20, 2017 |