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.