The South Indian Bank Limited has informed the Exchange about Approval granted by the Reserve Bank of India (RBI) to Kotak Mahindra Bank Limited for acquiring aggregate holding of up to 9.99% of the paid-up share capital or voting rights in the Bank

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

SOUTHBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹41.85

prior close

₹42.10

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-2.0% vs market

Private Sector Bank peers, median of 19sector-0.9%-1.3% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.3 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-1.9

15m

-2.1

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-0.1-2.0-0.9-1.3

Next day

-4.0-1.5-2.5-2.9-1.0

-8.1-4.5-3.5-5.6-2.5

-7.8-3.9-4.0-5.6-2.2

-7.7-3.6-4.1-3.2-4.5

-7.1-4.0-3.2-4.4-2.7

-7.4-4.9-2.5-4.4-3.0

15d

-1.8-2.7+0.9-2.1+0.3

+4.3-2.5+6.8-2.3+6.6

+5.0+2.7+2.2+2.0+3.0

+9.8+8.4+1.4+3.4+6.4

UpDownMarket · Nifty Microcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The South Indian Bank has received intimation from RBI dated May 6, 2026, granting approval to Kotak Mahindra Bank Limited to acquire aggregate holding of up to 9.99% of the paid-up share capital or voting rights in the Bank. The approval is subject to compliance with Banking Regulation Act 1949, RBI Directions 2025, FEMA provisions, SEBI regulations, and other applicable statutes. The filing is made under SEBI LODR Regulation 30.

Likely market impact

Kotak Mahindra Bank acquiring nearly 10% stake could signal strategic interest in South Indian Bank, with potential for further stake increases triggering open offer obligations.