What to watch. Karur Vysya Bank to turn ex-rights

Shares of Karur Vysya Bank will turn ex-rights on Thursday. The bank is planning to raise around ₹760 crore through a rights issue to fund its future growth. It will issue equity shares at ₹76 a share via rights issue to its eligible shareholders in the ratio of one equity share for every six held on a record date (October 13). The stock will remain in focus, as Investors wishing to participate in the rights issue, need to buy Karur Vysya Bank shares by Wednesday.