November 24, 2025 admin Leave a reply Post Comment

Cupid chief buys stake in Karnataka Bank

(20 Second reading) Cupid’s chairman and managing director Aditya Kumar Halwasia purchased 38 lakh shares on the NSE at Rs 185.87 apiece. The stock reacted instantly, rising 7.88% that day, and has now rallied 15.7% in just two sessions.

Halwasia’s name was absent from Karnataka Bank’s September quarter shareholding pattern.

The bank has no promoter ownership. Mutual funds such as Quant Smallcap Fund, holding 3.9%, and Bandhan MF with 2.56%, feature among the larger institutional shareholders. Insurance giants are also present, including HDFC Life Insurance at 3.59%, LIC at 1.62% and Bajaj Allianz Life Insurance Company with 1.55%.

The bank also carries a broad retail base. Around 3.98 lakh individual investors with holdings of up to Rs 2 lakh together control 36.19% of the bank.

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