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Karnataka Bank shares soar 9% as ICICI Bank picks up stake

Karnataka Bank shares soar 9% as ICICI Bank picks up stake

Tuesday, April 11, 2017, 8:42 PM

Shares of Karnataka Bank surged 9% today after it disclosed that ICICI Bank has picked up a little over 1% stake in the company. The stock soared 9% to end at Rs 159.30 on BSE. During the day, it zoomed 10.63% to Rs 161.70 its 52-week high. At NSE, shares of the company rose sharply by 9% to close at Rs 159.35.
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