|
|
Mangaluru: Karnataka Bank Ltd has successfully completed the rights issue of shares in the ratio of 1(ONE) share for every 2(TWO) shares held on the record date at a price of Rs 70 per share including premium of Rs 60 per share. The rights issue which had opened for subscription on November 7, 2016, closed on November 28, 2016.
The issue received overwhelming response from the shareholders /investors with an overall subscription reaching 185.52%. The shares have been allotted on December 8, 2016 and commenced trading on the BSE Ltd and National Stock Exchange of India Ltd (NSE) w e f December 14, 2014.
Thanking the shareholders /investors for reposing the confidence on the Bank, Sri P Jayarama Bhat informed that with the completion of Rights issue Bank has augmented its capital funds to the extent of Rs 658.96 crore and the capital adequacy ratio has improved further paving the way for further expansion of business in the coming years.
_-_Copy1.jpg)
_-_Copy8.jpg)
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.
Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.
