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Money Dec 10, 2012

Barclays Capital buys 12 lakh shares of Karnataka Bank

Mumbai: Barclays Capital Mauritius today acquired 11.60 lakh shares of private sector lender Karnataka Bank for Rs 22.54 crore.

During the intra-day, the stock touched its 52-week high at Rs 197.60. Reuters

As per bulk data available with the stock exchanges, Barclays Capital Mauritius bought 11,60,210 shares of the private sector bank (amounting to 0.61 percent stake).

The shares were purchased at Rs 194.31 apiece valuing the deal at Rs 22.54 crore, data showed. However, the identity of the seller of the shares could not be ascertained.

Shares of Karnataka Bank jumped by 11.38 percent to settle at Rs 195.70 apiece on the BSE. During the intra-day, the stock touched its 52-week high at Rs 197.60.

PTI


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