Suryoday Bank CEO increases stake with share purchase

Suryoday Small Finance Bank [BSE:SURYODAY] announced today that Mr. Baskar Babu Ramachandran, the bank's Promoter, Managing Director, and CEO, has purchased 150,000 equity shares of the company from the open market. The transaction, dated March 17, 2025, increases the total Promoter Group holding in the Bank to 22.44%, up from 22.30%. Mr. Ramachandran's individual holding has also increased to 5.18%, from 5.04%. Suryoday Bank affirmed that the promoters' holdings comply with applicable regulatory provisions and are within RBI pre-approved limits. The disclosure was made pursuant to applicable Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has also stated that necessary disclosures in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 will be submitted as required.