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Our Bureau

Mumbai , Sept. 13

Karur Vysya Bank has proposed a rights issue of 1.79 crore equity shares to raise Rs 125 crore, according to a draft letter of offer sent to the SEBI on Wednesday.

The bank proposes to issue 1,79,99,784 equity shares of Rs 10 each for cash at a premium of Rs 60 per share aggregating Rs 125.99 crore on a rights basis in the ratio of one equity share for every two equity shares held (1:2).

The lead manager to the issue is SBI Capital Markets and the registrar is SKDC Consultants Ltd.

More Stories on : Rights Issue | Private Banks

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