Ace investor and entrepreneur Aditya Kumar Halwasiya has expanded his stake in Karnataka Bank by acquiring an additional 45 lakh shares valued at ₹90 crore, following his previous purchase of 38 lakh shares for approximately ₹71 crore. This recent investment underscores his confidence in the bank’s ongoing turnaround strategy aimed at enhancing its balance sheet, upgrading technology, and improving profitability and governance.
Halwasiya’s renewed involvement suggests a strong commitment to Karnataka Bank’s medium- to long-term growth trajectory. Analysts predict that his increased ownership could highlight the bank’s significant value unlocking potential, especially as it trades at 0.63 times its book value, in contrast to RBL Bank, which trades around 1.25 times its price-to-book ratio.
Halwasiya has established a reputation for driving value in companies where he holds a significant stake and takes on an active role on the board. His previous engagements have often resulted in focused execution, improved capital allocation, and sustained wealth creation, according to market analysts.
In a noteworthy development, the Reserve Bank of India has authorized Karnataka Bank to operate as an “Agency Bank,” enabling it to handle government-related transactions, such as tax payments. As of Tuesday morning, shares of Karnataka Bank had risen by one percent to ₹202 at 10:30 AM.
Published on November 25, 2025.
