CSB Bank to mobilise over Rs 200 Cr through rights issue
Feb 13 2013 , Thrissur
It has tentatively fixed a premium of Rs 150 per share on a face value of Rs 10 each and the ratio of issue would be 1:2, Bank's Chairman S Santhanakrishnan told PTI, adding, the process would be completed this fiscal itself.
The exact volume of and the premium would be finalised at the Board of Directors meeting to be held in Mumbai tomorrow, he said.
He said the Abu Dhabi based industrialist M A Yusuff Ali had sought permission from the RBI to purchase 4.99 per cent of the shares held by the Bangkok-based Siam Vidhya Group (SVG) headed by Sura Chansrichawla.