Karur Vysya to raise Rs300 cr via issue of bonds

Karur Vysya to raise Rs300 cr via issue of bonds
PTI
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First Published: Fri, Aug 28 2009. 10 37 AM IST
Updated: Fri, Aug 28 2009. 10 37 AM IST
Mumbai: Private-sector lender Karur Vysya Bank today said it will raise up to Rs300 crore by issuing bonds.
The board of directors have approved to raise Rs150 crore by issue of unsecured redeemable non-convertible subordinated (Tier II) bonds (Series I), with an option to raise Rs150 crore additional amount if the issue is oversubscribed, Karur Vysya Bank said in a filing to the Bombay Stock Exchange.
Shares of Karur Vysya Bank were trading at Rs300.35 on the BSE, down 1.20% from previous close.
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First Published: Fri, Aug 28 2009. 10 37 AM IST
More Topics: Karur Vysya | Bank | Bonds | BSE | Money Matters |