In this regard, the bank is closing the book of preference share from September 19 to October 17.
Thus, the preference share is tradable till October 16.
The bank issued 2 million units of 7% preference shares. Previously, it converted 1.2 million units of preference shares in three batches. The bank is converting 400,000 units of shares this time around. It will convert the remaining 400,000 after three years, as per section 5.5 (A) of the offer letter published during the issuance of preference shares.
