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| Exchange Disseminated Time | Karur Vysya Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on August 06, 2013, have decided:
1. To place a proposal seeking consent of the shareholders for the issue of equity shares by way of Qualified Institutions Placement (QIP) in accordance with the SEBI Guidelines, with the approval of Reserve Bank of India and other Regulatory Authorities, up to Rs. 1000 cr.
2. To raise the investment cap for the Foreign Institutional Investors (FII) upto a limit of 40% of the paid-up capital of the Bank subject to the approval of the shareholders of the bank and the Reserve Bank of India. |
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