Halwasiya Adds Another 45 Lakh Shares To Karnataka Bank Stake, Signalling Serious Long-Term Entry

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Mumbai (Maharashtra) [India], November 24: After recently acquiring 38 lakh shares worth around ₹71 Cr in Karnataka Bank, ace investor and entrepreneur Aditya Kumar Halwasiya has followed up by buying an additional 45 Lakh shares worth ₹90 Cr on 24 November, reinforcing the view that this is a serious, strategic entry into the private sector lender.

Market participants point out that Halwasiya has a track record of unlocking substantial value in companies where he takes a meaningful ownership stake along with an active board role….



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Halwasiya Adds Another 45 Lakh Shares To Karnataka Bank Stake, Signalling Serious Long-Term Entry


Mumbai (Maharashtra) [India], November 24: After recently acquiring 38 lakh shares worth around ₹71 Cr in Karnataka Bank, ace investor and entrepreneur Aditya Kumar Halwasiya has followed up by buying an additional 45 Lakh shares worth ₹90 Cr on 24 November, reinforcing the view that this is a serious, strategic entry into the private sector lender.

Market participants point out that Halwasiya has a track record of unlocking substantial value in companies where he takes a meaningful ownership stake along with an active board role….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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