The institutions which bought shares in QIP include HSBC Mutual Fund, Morgan Stanley Asia Singapore PTE, HSBC Global Investment Funds, SBI Life Insurance Company, Franklin India Smaller Companies FundShares of Karnataka Bank settled at Rs 225.10 apiece, down 1.53 per cent over the previous close on the BSE.Press Trust of India New Delhi Karnataka Bank on Thursday said it has raised around Rs 600 crore through qualified institutional placement by issuing shares to institutional investors. The qualified institutional placement (QIP) opened on March 21 and closed on March 27. Click here to follow our WhatsApp channel “…The Committee of Directors at its meeting held today, approved the…
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Category: Karnataka Bank
Karnataka Bank announces Q1 net profit of Rs 370.70 crore – Udayavani English
Karnataka Bank announces Q1 net profit of Rs 370.70 crore Udayavani English
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Source: https://www.udayavani.com/english-news/karnataka-bank-announces-q1-net-profit-of-rs-370-70-crore
Karnataka Bank gains on completing Rs 600-cr QIP issue
Karnataka Bank advanced 2.82% to Rs 231.45 after the approved the allotment of a QIP issue of Rs 600 crore.
The qualified institutional placement (QIP), which commenced on 21 March 2024, concluded on 27 March 2024, with a total of 2,64,31,718 equity shares being allotted. The shares were priced at Rs 227 per share, resulting in an issue size of approximately Rs 599.99 crore.
The issue price of Rs 227 is at a discount of 1.91%, to the floor price of Rs 231.43 per equity share set for the QIP issue.
The bank said this capital raise comprising the QIP of Rs 600 crore, along with the preferential issues of Rs 800 crore in October 2023…
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Karnataka Bank approves issue of 2.64 crore equity shares to eligible qualified institutional buyers
Karnataka Bank Ltd has approved the issue and allotment of 2,64,31,718 equity shares to 25 eligible qualified institutional buyers.Also read: Karnataka Bank opens 15 new branches, revamps websiteThe bank informed the stock exchanges on Thursday that the meeting of the committee of directors of the bank approved the issue of shares at issue price of ₹227 per equity share, that is at a premium of ₹217 per equity share. This includes a discount of ₹4.43 per equity share (1.91 per cent of the floor price) to the floor price, aggregating to ₹599,99,99,986, pursuant to the issue.
The issue, which opened on March 21, closed on March 27.
Pursuant to the allotment of equity shares in…
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Karnataka Bank approves allotment of equity share capital of ₹600 crore under QIP
The Committee of Directors of Karnataka Bank, in its meeting held on March 28, approved the allotment of shares pursuant to the Qualified Institutional Placement (QIP), at a price of ₹227.00 per equity share (including premium of ₹217.00 per share), amounting to an aggregate of up to ₹600 crores. The QIP for ₹600 crores opened on March 21, and closed on March 27.This capital raise, comprising the QIP of ₹600 crores, with the preferential issues of ₹800 crores in October 2023 allotment, which was approved by the Committee of Directors on October 26, 2023, and ₹100 crores in February 2024 allotment, which was approved by the Committee of Directors on February 28, 2024, marks…
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Karnataka Bank partners with FISDOM to offer stock broking services, 3-in-1 accounts – Daijiworld.com
Karnataka Bank partners with FISDOM to offer stock broking services, 3-in-1 accounts Daijiworld.com
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Source: https://m.daijiworld.com/news/newsDisplay?newsID=1182657
Mr. Vinaya Bhat P. J. appointed as the Chief Compliance Officer of Karnataka Bank
Karnataka Bank has informed that the Bank has appointed Mr. Vinaya Bhat P. J., as the Chief Compliance Officer of the Bank with effect from 25.04.2024. Mr. Vinaya Bhat P. J. is a senior management personnel of the Bank.
Mr. Vinaya Bhat P. J. has over 27 years of experience in the banking sector, having handled various positions in departments like Treasury, Accounts, Credit Sanctions, Credit Marketing, etc.
The appointment has a tenure of three years from the date of joining.
Read Also : Shriram Finance Posts Q4 FY 2023 Results
Stock Market Analysis | Stock Market Advisors – MarketSmith India
Stock Market Analysis | Stock Market Advisors MarketSmith India
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SGBL to acquire KBL Richelieu, KBL Monaco
The Société Générale de Banque au Liban (SGBL) has signed an agreement with Luxembourg-headquartered KBL European Private Bankers for the purchase of KBL Richelieu in France and KBL Monaco.The acquisition is part of the bank’s international development strategy and was announced in a press release published on Saturday.The Lebanon-headquartered bank wants to develop an international banking platform.The acquisition marks the creation of a new group, the Compagnie Financière Richelieu, which will encompass the Banque Richelieu France, Richelieu Gestion and Banque Richelieu Monaco.Georges Saghbini, deputy general manager at SGBL, said in a statement the bank’s aim was to “develop a…
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Source: https://www.luxtimes.lu/businessandfinance/sgbl-to-acquire-kbl-richelieu-kbl-monaco/1199262.html
Bharat Dynamics, Karnataka Bank, TCS, Mazagon Dock, Tata Chemicals and more
/photos/market/stocks/stocks-to-watch-bharat-dynamics-karnataka-bank-tcs-mazagon-dock-tata-chemicals-and-more-19339611.htmCopiedBharat Dynamics | State-run defence equipment manufacturer on Thursday declared an interim dividend of ₹8.85 per equity share for the financial year 2023-24. The company has fixed April 2, 2024, as the record date for the said dividend. The payment of the interim dividend will be completed on and before April 18, 2024, the company said in a filing./photos/market/stocks/stocks-to-watch-bharat-dynamics-karnataka-bank-tcs-mazagon-dock-tata-chemicals-and-more-19339611.htmCopiedKarnataka Bank | Private sector bank on Thursday launched qualified institutional…
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