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The Karnataka Bank has decided to come out with shares in the ratio of 1:2 for its rights issue.
The bank has said in a regulatory filing that “At the meeting of the board of directors, it has been decided to issue equity shares of the bank on a rights basis in the ratio of 1:2 i.e., one share for every two.”
It said that the date of the issue will be fixed later at Rs 70 per share and no reason has been cited by the Bank for the rights issue of shares.
