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The rights issue of Karnataka Bank will open on November 7. The bank has informed the BSE that its board of directors, at a meeting held on Friday, has finalised the issue opening and closing dates, including the last date of receipt of split application forms.
The issue opens on November 7, and closes on November 21. The last date for request for split application form is November 15.
Shareholders can request for split application forms if they want to renounce a part of their entitlement andapply for the rest, or they want to renounce their entitlement in favour of more than one person.
On August 5, the bank had informed the stock exchanges that the board of directors had decided to issue on rights basis one share for every two shares held on the record date at ₹70 a share, including premium of ₹60 a share.
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