Karur Vysya Bank closes QIP

In respect of the QIP, the QIP Committee of the Board of Directors of Karur Vysya Bank Ltd on August 21, 2014, has passed and declared the closure of the QIP on August 21, 2014.

The Committee determined and approved the issue price of Rs. 466.00 per Equity Share (including a premium of Rs. 456.00 per Equity Share), for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP and approved and adopted the placement document dated August 21, 2014, in connection with the QIP (the "Placement Document").

Shares of KARUR VYSYA BANK LTD. was last trading in BSE at Rs.473.5 as compared to the previous close of Rs. 475.95. The total number of shares traded during the day was 5354 in over 537 trades.

The stock hit an intraday high of Rs. 479.55 and intraday low of 467. The net turnover during the day was Rs. 2529668.

Source : Equity Bulls

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