Aditya Kumar Halwasia acquired 38 lakh shares in Karnataka Bank for Rs 71 crore, a deal executed at a premium. The smallcap lender, supported by Quant Mutual Fund, saw its stock jump nearly 8% amid significant volume spikes. Karnataka Bank’s net profit improved quarter-on-quarter, while NPAs moderated.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets