SBI Mutual Fund buys 1.5% stake Karur Vysya Bank for Rs 190 crore

According to the bulk deal data available with the BSE and NSE, SBI Mutual Fund (MF) purchased a total of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Bank.

SBI Mutual Fund buys 1.5% stake Karur Vysya Bank for Rs 190 crore
Details of the sellers could not be ascertained. Image Courtesy: Freepik.

SBI Mutual Fund on Tuesday acquired shares of scheduled commercial bank Karur Vysya Bank for Rs 190 crore through open market transactions.

According to the bulk deal data available with the BSE and NSE, SBI Mutual Fund (MF) purchased a total of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Bank.

The shares were picked at an average price of Rs 162 apiece on both bourses, taking the combined aggregate deal size to Rs 194.40 crore. Details of the sellers could not be ascertained.

On Tuesday, shares of Karur Vysya Bank rose 1.32 per cent to close 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.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

Written By: PTI
Updated: Tue, Dec 12, 2023
10:34 PM IST
PTI
RELATED NEWS
Rama Mohan Rao Amara becomes SBI managing director Rama Mohan Rao Amara becomes SBI managing director
India's GDP expected to fall below 6.5% in FY25 amid slowdown in GDP growth in second quarter: SBI India's GDP expected to fall below 6.5% in FY25 amid slowdown in GDP growth in second quarter: SBI
SBI Funds Management Limited appoints Nand Kishore as Managing Director and Chief Executive Officer SBI Funds Management Limited appoints Nand Kishore as Managing Director and Chief Executive Officer

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x