Barclays Capital Mauritius has bought 11.60 lakh shares, amounting to 0.61% stake of private sector lender Karnataka Bank for Rs 22.54 crore.
The shares were purchased at Rs 194.31 apiece valuing the deal at Rs 22.54 crore. However, the identity of the seller of the shares could not be ascertained.
Karnataka Bank is a Mangalore-based, small-sized, old private sector bank which was set up in 1924. The bank had 506 branches and 379 ATMs as on June 30, 2012. Majority of the branch network is in the state of Karnataka.
