Karur Vysya Bank Ltd allots 11,73,17,101 equity shares on rights basis

The Capital Raising Committee of Karur Vysya Bank Ltd at its meeting held November 22, 2017, has allotted 11,73,17,101 equity shares of face value of Rs. 2/- each for cash at a price of Rs. 76/- per equity share which were offered to the existing equity shareholders on Rights basis and to the eligible employees of the Bank under employee reservation portion. The paid up capital of the Bank after this allotment would be Rs. 145.33 Cr.

Accordingly, the Bank would be taking steps to credit the equity shares and issue share certificates upon obtaining necessary approvals from the regulators.

Shares of KARUR VYSYA BANK LTD. was last trading in BSE at Rs.121.45 as compared to the previous close of Rs. 120.45. The total number of shares traded during the day was 176400 in over 659 trades.

The stock hit an intraday high of Rs. 122 and intraday low of 120.5. The net turnover during the day was Rs. 21395448.

Source : Equity Bulls

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