Karur Vysya Bank to consider QIP issue on Jun 26, 2009

Karur Vysya Bank Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 26, 2009, inter alia, to explore the possibilities of issue of shares to augment the capital base of the bank through Qualified Institutional Placement (QIP0 / Preferential offer basis.

The stock was trading at Rs.293.50, up by Rs.7 or 2.44%. The stock hit an intraday high of Rs.296.90 and low of Rs.281.

The total traded quantity was 2274 compared to 2 week average of 9020.

Source : Equity Bulls

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