Sanima Bank's Rs. 2 Arba"8.25% Sanima Perpetual Non-cumulative Preference Share" Issue Approved by SEBON
Summary
SEBON has approved Sanima Bank's Rs. 2 Arba issue of 8.25% perpetual non-cumulative preference shares with Muktinath Capital as the issue manager.
Key Points
- SEBON approved Sanima Bank's issuance of 8.25% perpetual non-cumulative preference shares.
- Sanima Bank plans to raise Rs. 2 Arba via 2 crore units through private placement.
- The debentures carry an annual interest rate of 8.25%.
- Muktinath Capital Limited is appointed as the issue manager for the debenture.
