Karnataka Bank has announced plans to raise approximately Rs 1,500 crore in fresh capital through a preferential issue, rights issue, QIP, or other permissible modes. The bank's board has approved the issuance of equity shares to several companies. The funds raised will be used to strengthen the bank's financial foundation for future growth and meet the needs of its growing business.
from Banking/Finance-Industry-Economic Times https://ift.tt/AkzF4Gr
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