Karnataka Bank informs about outcome of board meeting
Date: 05-08-2016Karnataka Bank has informed that at the meeting of the Board of Directors of the Bank held on August 05, 2016 it has been decided to issue equity shares of the Bank on Rights basis in the ratio of 1:2 i.e. one share for every two shares held on a record date to be fixed at a later date at a price of Rs 70 per share including the premium of Rs 60 per share, subject to necessary approvals.
The above information is a part of company’s filings submitted to BSE.