According to information available with stock exchanges, Swiss Finance Corporation (Mauritius) sold 11.22 lakh shares of Mangalore-based Karnataka Bank through open market transactions.
Shares were sold at an average price of Rs 108.04 valuing the transaction to Rs 12.12 crore.
As of March quarter, Swiss Finance Corporation held 30.31 lakh shares, amounting to 1.61 per cent stake, of Karnataka Bank. Earlier this week, Religare Finvest had sold 12 lakh shares of Karnataka Bank for an estimated Rs 13 crore. Religare Finvest is part of Religare Enterprises which is among the major contenders for new banking licences.
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