Karnataka Bank has informed that the Committee of Directors of Board of the Bank (‘Committee’) at its meeting held today, 30th March 2022 has approved the allotment of unsecured, subordinated, redeemable non-convertible, fully paid-up Basel III Compliant Tier 2 bonds in the nature of Debentures of face value of Rs 1,00,00,000 each, aggregating to Rs 300 Crore on private placement basis to the successful bidders on the electronic bidding platform of the NSE-EBP who were identified by the Committee as the 'Identified investors' at its meeting held on 29th March, 2022. This is in compliance under Regulation 30 and Regulation 51 of the SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
