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| Exchange Disseminated Time | Karur Vysya Bank Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 07, 2010, inter alia, has also decided as under:
1. To issue Bonus shares in the ratio of 2:5 (i.e. Two bonus shares of Rs. 10 each will be issued for every 5 equity shares of Rs. 10/- each held by the shareholders / beneficial owners as on the record date.
2. To issue Rights equity shares in the ratio of 2:5 (Two rights shares for every 5 shares held by the shareholders and beneficial owners) as on the record date to be fixed at a later date. The rights issue ratio is on the post bonus capital. The price per right share will be Rs. 150/- (i.e. Face value Rs. 10/- with a premium of Rs. 140 per share) |
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