Suryoday Small Finance Bank's board to meet Jun 25 to mull raising funds
This story was originally published at 20:09 IST on 1 June 2026
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--Suryoday Small Fin Bk board to mull fund raise via equity, debt on Jun 25
MUMBAI – Suryoday Small Finance Bank Ltd. Monday said its board will meet on Jun. 25 to consider a plan to raise funds through equity and debt channels.
The bank's board will mull raising funds through the issue of equity shares, equity linked securities, warrants, rights issue, preferential allotment, private placement, qualified institutions placement, or any other mode permissible. The board will also decide on issuing debt instruments through bonds, non-convertible debentures, or other debt securities.
The bank reported a net profit of INR 497 million for the March quarter with total income of INR 6.92 billion. Shares of the small finance bank Monday ended 0.3% lower at INR 163.05 on the National Stock Exchange. End
Reported by Meera Nair
Edited by Avishek Dutta
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