Karur Vysya Bank, the private sector lender, gained on Wednesday after the bank announced Tuesday the committee has approved opening of the QIP on Aug. 19, 2014.
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, the bank said.
Shares of the bank are trading at Rs 477.60, up Rs 7.9, or 1.68% at the Bombay Stock Exchange (BSE) on Wednesday at 11:33 a.m.
The scrip has touched an intra-day high of Rs 483 and low of Rs 475.10. The total volume of shares traded at the BSE is 5,525.