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South Indian Bank fixes issue date for bonus shares

The record date fixed for the purpose of issue of bonus shares of South Indian Bank is October 17. The bonus shares will be issued in the 1:4 ratio.

25 Sep 2008

The record date fixed for the purpose of issue of bonus shares of South Indian Bank is October 17.  The bonus shares will be issued in the 1:4 ratio- i.e. for every four equity shares held on the record date one bonus share will be issued. 

The record date is the time when bonus shares will be issued.

A meeting of the board is scheduled for October 14 to consider and approve the financial results for the second quarter of the current fiscal.



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