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SBI Mutual Fund acquires 1.5% stake in Karur Vysya Bank

13 Dec 2023 Evaluate

SBI Mutual Fund has acquired shares of Karur Vysya Bank for Rs 190 crore through open market transactions. SBI Mutual Fund has purchased a total of 1,20,00,000 shares, amounting to a 1.5% stake in Karur Vysya Bank. The shares were picked at an average price of Rs 162 apiece on both bourses (BSE and NSE). 

Karur Vysya Bank 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 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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