Issue price set at Rs 461.70 per share
Karur Vysya Bank announced that QIP Committee of the Bank has at its meeting held on 19 August 2014, inter alia, passed resolutions in connection with the following:1. authorizing the opening of the QIP on 19 August 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 19 August 2014 with stock exchange on 19 August 2014.
Further, the 'Relevant Date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is 19 August 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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