At meeting held on 25 September 2020
The Board of Canara Bank at its meeting held on 25 September 2020 has decided to raise additional Equity Share Capital amounting up to Rs.2000 crore (including Securities Premium), through Qualified Institutional Placement (QIP) route, by issuing such number of equity shares of face value of Rs. 10/- each in one or more tranches with a premium to be decided as per applicable guidelines / regulations. The said QIP issue shall be within the overall maximum limit of Board approved capital raising plan (FY 2020-21) of Rs.5000 crore Equity Share Capital (including premium) and is subject to market conditions and necessary approvals.Powered by Capital Market - Live News
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