Business Standard

Can Fin Homes surges 4% as Canara Bank invites bids for stake sale

Bids have been invited through merchant bankers for sale of 3,99,30,365 equity shares of the face value of Rs 2 each, constituting 29.99 per cent, Canara Bank said on Friday.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (
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SI Reporter New Delhi
Shares of Can Fin Homes gained as much as 3.75 per cent to Rs 406.45 apiece on the BSE in the morning deals on Monday after the parent firm Canara Bank invited bids to sell 30 per cent stake in the housing finance company. 

Bids have been invited through merchant bankers for sale of 3,99,30,365 equity shares of the face value of Rs 2 each, constituting 29.99 per cent, Canara Bank said on Friday in a regulatory filing. 

The decision to invite bids comes ahead of amalgamation of Syndicate Bank with Canara Bank.

Last year, Canara Bank had called off

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