Karur Vysya Bank announces 1:1 Bonus and 1:2 Rights

At the Board meeting held on 25th May, 2006, the Board of Directors of Karur Vysya Bank has decided as under,

Issue of 1,79,99,784 equity shares of Rs. 10/- each as Bonus shares in the ratio of one equity share for every equity share held by the shareholders of the Bank as on the date of Book closure including 20699 equity shares to be kept in abeyance. The Register of Members and Share Transfer Books of the Bank will remain closed from 21st July, 2006 to 27th July, 2006 (both days inclusive) for ascertaining the entitlement of Bonus shares.

Issue of 1,79,99,784 Equity Shares of Rs. 10/- each, for cash at a premium of Rs. 60/- pre share (i.e at a price of Rs. 70/- per share) as Rights Shares in the ratio of one equity share for every two shares (including the above mentioned Bones shares) held by the shareholders of the Bank as on the Record Date to be fixed by the Board, including 20,699 equity shares to be kept in abeyance.

Source : Equity Bulls

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