Private sector Karur Vysya Bank today initiated a share sale process to raise Rs 1,000 crore from institutional placement.
The board of the bank approved the opening of the qualified institutional placement (QIP), Karur Vysya Bank said in a statement.
Earlier the bank secured shareholders approval for raising up to Rs 1,000 crore through QIP.
Shares of the bank closed at Rs 469.70 per unit, up 2.30 per cent on the BSE.
