Key Event
The Bank received an intimation dated July 23, 2026, from Kotak Mahindra Mutual Fund (KMMF) informing that it had acquired equity shares of the Bank constituting more than 5.00% of the issued equity share capital. The acquisition was made through the fund's various schemes.
Details of Acquisition
The attached annexure, formatted under Regulation 29(1) of the SAST Regulations, provides the following details of the acquisition:
Pre-acquisition holding of the acquirer (KMMF):
- Shares carrying voting rights: 12,036,168
- Percentage of total voting capital: 4.5981%
Details of the acquisition transaction:
- Number of shares acquired: 1,469,432
- Percentage of total voting capital acquired: 0.5614%
- Mode of acquisition: Open Market
- Date of acquisition: July 21, 2026
Post-acquisition holding of the acquirer (KMMF):
- Shares carrying voting rights: 13,505,550
- Percentage of total voting capital: 5.1595%
Capital Structure Context
The disclosure notes that the total share capital / voting capital figure is to be taken as per the latest filing by the company to the Stock Exchange under Clause 35 of the listing agreement. The total number of issued equity shares of The South Indian Bank Ltd. (the Target Company) is stated as 261,806,063.
Parties Involved
- Disclosing Entity: The South Indian Bank Ltd. (Scrip Codes: NSE: SOUTHBANK, BSE: 532218)
- Acquirer: Kotak Mahindra Mutual Fund, with Kotak Mahindra Asset Management Company Limited acting as the Investment Manager.
- Signatories: The disclosure was signed by Jimmy Mathew, Company Secretary of South Indian Bank, and Jolly Bhatt, Compliance Officer for Kotak Mahindra Asset Management Company Limited.
Date and Submission
The intimation from KMMF is dated July 23, 2026. The bank's formal disclosure to the exchanges is also dated July 23, 2026.