Corporate Announcement
Security Code : 532276    Company : SYNDIBANK    
 
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  Exchange Received Time  29/05/2017 15:55:09         Exchange Disseminated Time   29/05/2017 15:55:12              Time Taken   00:00:03
We would like to inform that Board of Directors of the Bank in its meeting held on 29th May 2017 approved to raise equity capital up to Rs. 3500 Crore (Rupees Three Thousand Five Hundred Crore only) inclusive of premium to be decided by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment / or any other mode approved by Reserve Bank of India/Government of India, at an appropriate time, subject to necessary approvals, during the financial year 2017-2018.

The Board also approved to raise Basel III Compliant Additional Tier I Bonds up to Rs. 1000 Crore (Rupees One Thousand Crore only) and Tier II Bonds up to ? 1000 Crore (Rupee One Thousand Crore only), as per eligibility at an appropriate time, subject to necessary approvals, during the financial year 2017-2018.

The information is given pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosures Requirements) Regulation, 2015.
 

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