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| Exchange Disseminated Time | Karur Vysya Bank Ltd has informed BSE that subsequent to the approval accorded by the Board of Directors of the Bank, at its meeting held on August 06, 2013 and the approval of the shareholders of the Bank by way a special resolution dated October 07, 2013 for raising capital through QIP, QIP Committee of the Bank has at its meeting held on August 19, 2014, inter alia, passed resolutions in connection with the following:
1. authorizing the opening of the QIP on August 19, 2014; and
2. approving and adopting the preliminary placement document dated August 19, 2014, in connection with the QIP, (the “Preliminary Placement Document”).
In relation to the QIP, the Company have filed the preliminary placement document dated August 19, 2014 with stock exchange on August 19, 2014.
Further, the ‘Relevant Date’ for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is August 19, 2014 and accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed under Regulation 85(1) of the SEBI Regulations is Rs. 461.70 per equity share. |
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