Karur Vysya Bank announced Tuesday the committee has approved opening of the QIP on Aug. 19, 2014. The committee has also approved and adopted the preliminary placement document dated Aug. 19, 2014, in connection with the QIP.

In relation to the QIP, the bank has filed the preliminary placement document with stock exchange on Aug.19, 2014.

Further, the relevant date for this purpose is Aug. 19, 2014 and accordingly the floor price in respect of the aforesaid QIP is Rs. 461.70 a share.

Shares of the bank gained Rs 7.2, or 1.53%, to trade at Rs 476.90. The total volume of shares traded was 5,343 at the BSE (11.10 a.m., Wednesday).