Karur Vysya Bank has informed that in respect of the QIP, the QIP Committee of the Board of Directors of the Bank has, in its meeting held on August 26, 2014, approved the issue and allotment of 1,34,12,015 Equity Shares to eligible qualified institutional buyers at the issue price of Rs 466 per Equity Share, aggregating to approximately Rs 6250 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder). A copy of resolution for allotment of the Equity Shares pursuant to the QIP is attached.
The above information is a part of company’s filings submitted to BSE.
