Warhol, a Mauritius-based investment holding firm has acquired 10.36 lakh equity shares in Karur Vysya Bank at a total trade price of Rs 39.36 crore. The investment holding firm has picked the stake through bulk deal at Rs 379.99 per share.
Recently, Karur Vysya Bank had signed a memorandum of understanding (MOU) with SBI life Insurance Company for providing GMRA policy cover to the bank's housing loan customers under group insurance. The Bank had also executed a master policy with BSLI for offering the GMRA policy under the group insurance.
Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.