Stocks

Karnataka Bank fixes record date for rights issue

Our Bureau Mangaluru | Updated on January 16, 2018 Published on October 13, 2016


Karnataka Bank Ltd has fixed October 25 as record date for the purpose of determining the shareholders eligible to apply for rights equity shares.

The bank informed BSE on Thursday that the Internal Capital Adequacy Assessment Committee of the bank has, by a resolution dated October 13, fixed October 25 as record date for the purpose of determining the shareholders eligible to apply for rights equity shares in the issue.

On August 5, the bank had informed the stock exchange that the board of directors had decided to issue one share for every two shares held on the record date at ₹70 per share, including premium of ₹60 per share, subject to necessary approvals.

Karnataka Bank’s scrip closed at ₹144.65 on BSE on Thursday, down 4.11 per cent, against the previous close of ₹150.85.

--EOM--

Published on October 13, 2016
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