Karnataka Bank has decided to extend the Rights Issue closing date by 7 days from November 21, 2016 to November 28, 2016. This step has been taken considering the inconvenience being caused to some of Bank’s shareholders and their inability to submit their Composite Application Forms (CAFs) in a timely manner.
The Bank had proposed an issue of equity shares at a price of Rs 70 per equity share on a rights basis in the ratio of one equity share for every two equity shares held as on record date i.e. October 25, 2016. The Rights Issue opened for subscription on November 07, 2016 and was scheduled to close on November 21, 2016.
The above step for extending the date has been taken following the government’s move for demonetization and subsequent detailed instructions from Reserve Bank of India instructing banks to give top priority to provide facility for exchange/accepting deposits of Specified Bank Notes and open additional counters to meet the public demand and keep the counters open for extended hours.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.00 |
| ICICI Bank | 1366.35 |
| Axis Bank | 1368.20 |
| Kotak Mahindra Bank | 382.20 |
| Indusind Bank | 850.20 |
| View more.. | |
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