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Macquarie Bank sells 1,112,000 shares of Karnataka Bank

26 Oct 2012 Evaluate

Macquarie Bank has sold 1,112,000 shares of Karnataka Bank in an open market transaction. The shares were sold at Rs 135.17 a piece on National Stock Exchange (NSE).

Karnataka Bank is a Mangalore-based, small-sized, old private sector bank which was set up in 1924. The bank had 510 branches and 409 ATMs spread across 20 states and 2 UTs across the country. Majority of the branch network is in the state of Karnataka.

Peers
Company Name CMP
HDFC Bank 707.10
ICICI Bank 1354.10
Axis Bank 1259.00
Kotak Mahindra Bank 440.10
Indusind Bank 862.45
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