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Karnataka Bank Ltd has decided to issue equity shares on a rights basis to its shareholders.
The bank informed BSE that the board of directors, which met on Friday, has decided to issue equity shares on a rights basis in the ratio of 1:2.
That is one share for every two shares held on a record date, to be fixed at a later date, at ₹70 per share including premium of ₹60 per share, subject to necessary approvals.
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