Secondary Issues

Karnataka Bank to raise Rs.100-Cr from ICICI Lombard

Economic Times  

Mangaluru-headquartered private lender Karnataka Bank is to raise INR 100 crore through preferential shares from ICICI Lombard General Insurance as a part of its plans to shore up INR 700 crore in fresh equity. The bank would allot shares at INR 265.06 apiece.

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