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Catholic Syrian Bank offers rights shares to mobilse Rs 78.46 cr

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SummaryPrivate sector Catholic Syrian Bank has decided to offer rights share with a premium of Rs 65 per share with a face value of Rs 10 each, for about Rs 78.46 crore.

Private sector Catholic Syrian Bank has decided to offer rights share with a premium of Rs 65 per share with a face value of Rs 10 each, for about Rs 78.46 crore.

Company Secretary of the Thrissur based bank, Sijo Varghese told PTI here today that the record date had been fixed for March 2.

It was decided at a meeting of the board of directors earlier this month to offer 1,04,61,781 equity shares of Rs 10 each for cash at a premium of Rs 65 per share to existing shareholders of the bank in the ratio of one new share for every three existing shares, he said.

The bank would mobilise Rs 78,46,33,575, Varghese added.

The issue would open on March 7 and close on March 21, he said.

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