Suryoday Small Finance Bank Promoter Acquires 50,000 Equity Shares
Suryoday Small Finance Bank Limited announced that Mr. Baskar Babu Ramachandran, the Promoter and Managing Director & CEO, purchased 50,000 equity shares through open market transactions. The acquisitions occurred in two phases: 14,000 shares on March 17, 2026, and 36,000 shares on March 18, 2026.Following this transaction, the total promoter and promoter group holding in the bank increased to 22.48%, up from 22.44%. Mr. Ramachandran’s individual holding now stands at 5.22%, an increase from 5.18%. The holding remains compliant with regulatory provisions and RBI pre-approved limits.
A separate disclosure related to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, will be submitted separately. Further details are available on the bank's website.
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