Catholic Syrian Bank (CSB) Ltd, headquartered here, will mobilise over Rs 200 crore by way of a rights issue of shares as directed by the RBI.
It has tentatively fixed a premium of Rs 150 per share on a face value of Rs 10 each and the ratio of the issue would be 1:2, the bank’s Chairman S. Santhanakrishnan told PTI, adding, the process would be completed in this fiscal itself.
The exact volume and the premium would be finalised at the board 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.