Karur Vysya Bank Ltd approves allotment of shares to QIBs at Rs. 466

In respect of the QIP, the QIP Committee of the Board of Directors of Karur Vysya Bank Ltd has, in its meeting held on August 26, 2014, approved the issue and allotment of 1,34,12,015 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 466/- per Equity Share, aggregating to approximately Rs. 6250 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder).

Shares of KARUR VYSYA BANK LTD. was last trading in BSE at Rs.473.2 as compared to the previous close of Rs. 475. The total number of shares traded during the day was 6249 in over 866 trades.

The stock hit an intraday high of Rs. 475.5 and intraday low of 464.3. The net turnover during the day was Rs. 2930148.

Source : Equity Bulls

Keywords