MoneyWorks4Me

Rakesh Jhunjhunwala hikes stake in Karur Vysya Bank to 3.36%

08 May 2018 Evaluate

Rakesh Jhunjhunwala has hiked his stake in Karur Vysya Bank to 3.36% in January-March, from 3.09% in the December quarter. The ace investor has picked 19,50,000 shares in the private bank in the March quarter.

Earlier, Rakesh Jhunjhunwala held 2,24,62,288 shares in October-December quarter and now he owns 2,44,12,288 shares.

Karur Vysya Bank (KVB) is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

Peers
Company Name CMP
HDFC Bank 721.40
ICICI Bank 1354.80
Axis Bank 1235.75
Kotak Mahindra Bank 414.00
Indusind Bank 962.65
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