On 01 March 2018
The extraordinary general meeting of shareholders of Canara Bank at its meeting held on 01 March 2018 have approved through special resolution to allot 13,59,54,616 equity shares of Rs 10 each for cash at an issue price of Rs 357.84 (including premium of Rs 347.84) for an aggregate amount of Rs 4865 crore on preferential basis to promoter, Government of India.Post issue, the holding of Government of India will increase from 66.30% to 72.55%.
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