On preferential basis
Canara Bank announced that consequent to passing of the Special Resolution by the shareholders at the EGM of the Bank held on 30 April 2015 for issue and allotment of 4,00,00,000 equity shares to the Life Insurance Corporation of India / or Schemes of LIC on preferential basis and receipt of funds from Life Insurance Corporation of India, the Managing Director & Chief Executive Officer, as per the authority delegated by the Board of Directors to him, has allotted 4,00,00,000 Fully Paid-up Equity Shares on 12 May 2015 to Life Insurance Corporation of India / Schemes of LIC on Preferential Basis.Powered by Capital Market - Live News