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South Indian Bank to raise Rs 1,250 crore through combination of equity and debt instruments

South Indian Bank on Friday said its board has approved raising up to Rs 1,250 crore through a combination of equity and debt instruments. Rs 750 crore will be raised through issuance of equity instrument and Rs 500 crore will be raised through debt instruments. The Board also granted 1,50,000 options to Sri. V G Mathew, Managing Director & CEO under the 10th Tranche of SIB ESOS- 2008.