Corporate News 27-Oct-23
Karnataka Bank raises Rs 800 cr via preferential allotment of shares
Karnataka Bank has allotted 3,34,00,132 equity shares of face value of Rs 10/- each, to HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Quant Mutual Fund, Bharti AXA Life Insurance Company and Bajaj Allianz General Insurance Company (allottees), at a price of Rs 239.52/- per equity share (including premium of Rs 229.52/- per equity share), amounting to an aggregate of Rs 799.99 crore on a preferential basis.
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