SBI Mutual Fund on Tuesday acquired shares of scheduled commercial bank Karur Vysya Bank for ₹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% stake in Karur Vysya Bank.
The shares were picked at an average price of ₹162 apiece on both bourses, taking the combined aggregate deal size to ₹194.40 crore. Details of the sellers could not be ascertained.
On Tuesday, shares of Karur Vysya Bank rose 1.32% to close at ₹164.90 apiece on the BSE and gained 0.52% to settle at ₹164.70 per piece on the NSE.
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