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SBI Mutual Fund on Tuesday acquired shares of scheduled business financial institution Karur Vysya Financial institution for Rs 190 crore by open market transactions.
In keeping with the majority deal information obtainable with the BSE and NSE, SBI Mutual Fund (MF) bought a complete of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Financial institution.
The shares have been picked at a median worth of Rs 162 apiece on each bourses, taking the mixed combination deal measurement to Rs 194.40 crore. Particulars of the sellers couldn’t be ascertained.
On Tuesday, shares of Karur Vysya Financial institution rose 1.32 per cent to shut at Rs 164.90 apiece on the BSE and gained 0.52 per cent to settle at Rs 164.70 per piece on the NSE.
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