Karnataka Bank has joined hands with Intech, Chennai for financing electronic weigh bridges and other automation products in weighing, fire & safety etc purchased from Intech by entering into a Memorandum of Understanding (MoU).

The bank will provide finance on priority as per bank's norms to the customers who intend to avail finance under this MoU.

Shares of the company gained Rs 4.35, or 3.39%, to settle at Rs 132.55. The total volume of shares traded was 172,364 at the BSE (Friday).