Karur Vysya Bank jumps to a 52-week high after SBI Mutual Fund buys 1.5% stake

Karur Vysya Hits a 52-week High: Karur Vysya Bank hit a 52-week high of Rs 170.35 on BSE on Wednesday (December 13, 2023) after SBI Mutual Fund bought a 1.5 per stake for Rs 194.4 crore in the bank. 

Karur Vysya Bank shares were trading higher by 0.73 per cent, or Rs 1.20, at Rs 166.10, at 10:25 am on Wednesday.

SBI Mutual Fund bought 1.2 crore shares at a price of 162 per share. 

Details of the sellers could not be ascertained.

Karur Vysya Bank is a scheduled commercial bank with its headquarters in Karur, Tamilnadu.