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Stocks

Nomura Singapore Buys 13.7 Lakh Shares of Karnataka Bank

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We bring you the “Big Deals” for today. A summary of the most important Bulk and Block Deals.

Today’s Big Deal:

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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.
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Witnessing a MACD Bullish Crossover, the stock closed at Rs. 155.60/- or +2.53%. Karnataka Bank recently won the ‘Best Financial Institution (Southern Region) award from FIEO for the support extended to export business.
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Nomura Singapore acquired 1,379,000 shares or 0.73%. The stock is also held by Big Whale Investor Vijay Kishanlal Kedia who currently holds 25 lakh shares or 1.33%.
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