Nomura Singapore buys 11.74 lakh Karnataka Bank shares

MUMBAI: Nomura Singapore today purchased 11.74 lakh shares of private sector lender Karnataka Bank in a transaction worth over Rs 12 crore.

According to information available with the stock exchanges, Nomura Singapore bought 11.74 lakh shares of Karnataka Bank through open market route.

The shares were purchased for an average price of Rs 108 apiece, valuing the transaction at Rs 12.67 crore.

However, the seller(s) of the shares could not be ascertained immediately.

Karnataka Bank shares surged nearly 17 per cent to close at Rs 108.90 apiece on the BSE, while the 30-scrip sensitive index ( Sensex) rose marginally by 0.38 per cent to close at 20,607.54 points.

At the end of today's trade, the bank's market capitalisation stood at Rs 2,052 crore.