| Karnataka Bank Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Bank will be held on September 09, 2010, inter alia, to offer, issue and allot to the shareholders on RIGHTS basis or to their renouncees, if any, equity shares of the face value of Rs 10 (TEN) each for cash at a price not exceeding Rs 100 (One hundred) per share as may be decided by the Board in the ratio of 2(TWO) equity shares for every 5(FIVE) equity shares held on the record date, which date to be decided by the Board in due course, on such terms and conditions including modification/s as may be decided and deemed appropriate by the Board at the time of issue and allotment in consultation
with the Lead Managers, subject to necessary provisions & approvals.
Karnataka Bank Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2010, have accorded their consent for the issue of equity shares on Rights basis in the ratio of 2 (TWO) equity shares for every 5 (FIVE) shares held on the record date to be fixed in due course at a price not exceeding Rs. 100 per share, subject to necessary approvals.
(As Per BSE Announcement Website dated on 09.09.2010)
Karnataka Bank Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2010, inter alia, have decided to offer, issue and allot to the shareholders on RIGHTS basis or to their renouncees, if any, equity shares of the face value of Rs 10 (TEN) each for cash at a price not exceeding Rs 100 (One hundred) per share as may be decided by the Board in the ratio of 2(TW0) equity shares for every 5(FIVE) equity shares held on the record date, which date to be decided by the Board in due course, on such terms and conditions including modification/s as may be decided and deemed appropriate by the Board at the time of issue and allotment in consultation with the Lead Managers.
(As Per BSE Announcement Dated on 29.09.2010) |