Karnataka Bank, a leading ‘A’ Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka.
Kedia Securities purchased 1,000,000 shares representing 0.53% of the shareholding. This is a mirrored transaction that also took place in January, 2016.
Kedia Securities is run by Big Whale Vijay Kishanlal Kedia. (Check out the complete portfolio up to March, 2016)
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