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BRIEF-ICICI Bank says media reports on co buying 1.09 pct stake in Karnataka Bank "erroneous"
April 12, 2017 / 4:39 AM / 8 months ago

BRIEF-ICICI Bank says media reports on co buying 1.09 pct stake in Karnataka Bank "erroneous"

April 12 (Reuters) - ICICI Bank Ltd

* “Some erroneous media reports have appeared that ICICI Bank has acquired 1.09% stake in Karnataka Bank”

* Almost all of the shares are held by bank on behalf of its equity broker clients as security for exchange clearing and settlement business Source text:

ICICI Bank spokesperson said: “Some erroneous media reports have appeared that ICICI Bank has acquired 1.09% stake in Karnataka Bank. We would like to clarify that almost all of these shares are held by the Bank on behalf of its equity broker clients as a security for our exchange clearing and settlement business.” Further company coverage:

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