Saturday, September 05
Aditya Kumar Halwasia has bought 38 lakh shares in The Karnataka Bank via a bulk deal on Friday. The shares which were purchased at a premium of Rs 5.6%, taking the deal size at Rs 71 crore.Halwasia is an Indian investor with stake in Tourism Finance Corporation of India Ltd (TFCIL) and is the Chairman and Managing Director of Cupid Limited, a company known for manufacturing contraceptives.The smallcap lender, backed by Quant Mutual Fund ended with nearly 8% jump at Rs 188.50 on the NSE. The price action was accompanied amid sharp volumes which spurt by more than 8.12 times on the BSE.Quant's holds 3.90% stake in the lender via Quant Mutual Fund-Quant Mutual Small Cap Fund.The shares of Karnataka Bank have been trading under pressure, witnessing a 6% slide over the past 12 months.Karnataka
