Karnataka Bank to consider rights issue on September 14, 2012

At the meeting of the Board of Directors of Karnataka Bank Ltd scheduled to be held on September 14, 2012, it is proposed to consider raising of the capital funds including through Rights issue.

The Karnataka Bank Ltd stock closed the day at Rs.83.90, down by Rs.0.75 or 0.89%. The stock hit an intraday high of Rs.85 and low of Rs.83.20.

The total traded quantity was 0.43 lakhs compared to 2 week average of 1.48 lakhs.

Source : Equity Bulls

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