Karnataka Bank Allots Equity Shares Worth ₹600 Crore in QIP

The Committee of Directors of Karnataka Bank approved the allotment of shares worth ₹600 crore under the Qualified Institutional Placement (QIP), priced at ₹227.00 per share. The QIP, which opened on March 21 and closed on March 27, completes the planned capital raise program of ₹1,500 crore announced in September 2023. The funds will support the bank’s growing business.

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