Canara Bank approves issue of Equity Capital on Preferential Allotment to Government of India

Based on the letter received from the Government of India on Infusion of Capital Funds, the Board of Canara Bank, in its meeting held on August 31, 2015 has considered and approved the proposal regarding raising of Capital by way of Preferential Allotment of Equity Shares in favour of Government of India amounting to Rs. 947 Crore (Rupees Nine Hundred and Forty Seven Crore only).

Shares of CANARA BANK was last trading in BSE at Rs.285.85 as compared to the previous close of Rs. 280.5. The total number of shares traded during the day was 304526 in over 4417 trades.

The stock hit an intraday high of Rs. 290 and intraday low of 277.6. The net turnover during the day was Rs. 86698736.

Source : Equity Bulls

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