City Union Bank quotes ex-rights, slips over 4%

Private sector lender City Union Bank fell more than 4 percent intraday after hitting a 52-week high of Rs 54.35 in opening trade on Thursday. The stock was quoting ex-rights today.

The bank has fixed the price for its rights issue at Rs 20 per equity share on November 3, 2012. Shareholders will get one share for every four shares held after application to rights issue.

At 11:20 hours IST, the stock fell 3.32 percent to Rs 51.20 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 2,623.69 crore.

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