Macquarie Bank reduces its stake in Karnataka Bank
MDT/PTI 26 October 2012

Macquarie Bank sold 11.12 lakh shares or its 0.59% stake out of 2.35% stake in Karnataka Bank at an average price of Rs135.2 per share 

 
Mumbai: Investment services provider Macquarie Bank has reduced its stake in Karnataka Bank by offloading over 11 lakh shares of the private sector lender for Rs15 crore, reports PTI.
 
Macquarie Bank, which held 44.28 lakh shares or 2.35% stake in Karnataka Bank at the end of September quarter, sold 11.12 lakh shares (amounting to 0.59% holding)of the banking entity, as per bulk data available with the stock exchanges.
 
The shares were sold on an average price of Rs135.17 apiece valuing the deal to Rs15.03 crore.
 
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