Ace investor and entrepreneur Aditya Kumar Halwasiya has acquired 38 lakh shares worth ₹70 crore in Karnataka Bank through market purchases on Friday.
Shares of the bank opened flat at ₹176 but hit day’s high of ₹193 before closing with a gain of 8 per cent at ₹189.
Halwasiya acquired 38 lakh shares at an average price of ₹185.87 a piece.
More than 3.67 crore shares were involved in active trade today, which is nearly 28 times that of its 10-day average volumes.
The stock has gained more than 5 per cent in the past five days, and about 4 per cent in the past one month.
However, the bank shares were down 5 per cent in the past six months and are dipped over 11 per cent in 2025 so far. The stock’s P/E ratio currently stands at 5.68.
Karnataka Bank is in the midst of a business and balance sheet transformation, supported by a more proactive management approach, strengthening asset quality, technology upgrades and improved operating performance.
The private lender recently announced the appointment of Raghavendra S Bhat as its new Managing Director and Chief Executive Officer. The one-year tenure of Bhat, a veteran in the banking sector, will be effective from November 16, 2025.
In September, Halwasiya has significantly increased his stake in Tourism Finance Corporation of India through open market transactions. He acquired 20.35 lakh shares, raising his shareholding from 18.96 per cent to 21.16 per cent. The total number of TFCI’s equity shares is 9,25,95,448.
Published on November 22, 2025
