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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 May 25, 2006, has decided the following:
1. Issue of 1,79,99,784 equity shares of Rs 10/- each as Bonus shares in the ratio of one equity share for every equity share held by the shareholders of the Bank as on the date of Book closure including 20699 equity shares to be kept in abeyance.
2. Issue of 1,79,99,784 Equity Shares of Rs 10/- each, for cash at a premium of Rs 60/- per share (i.e. at a price of Rs 70/- per share) as Rights Shares in the ratio of one equity share for every two shares (including the above mentioned Bonus shares) held by the shareholders of the Bank as on the Record Date to be fixed by the Board, including 20,699 equity shares to be kept in abeyance. |
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