Canara Bank allots 27794083 Equity Shares to the Government of India on Preferential Basis

Consequent to passing of the Special Resolution by the shareholders at the EGM of Canara Bank held on September 29, 2015 for issue and allotment of 2,77,94,083 equity shares to the Government of India on preferential basis and on receipt of funds from Government of India, the Managing Director & Chief Executive Officer, as per the authority delegated by the Board of Directors to him, has allotted 2,77,94,083 Fully Paid-up Equity Shares on September 30, 2015 to the President of India (Government of India) on Preferential Basis.

Shares of CANARA BANK was last trading in BSE at Rs.279.7 as compared to the previous close of Rs. 281.55. The total number of shares traded during the day was 243538 in over 2890 trades.

The stock hit an intraday high of Rs. 286.15 and intraday low of 277.2. The net turnover during the day was Rs. 68372332.

Source : Equity Bulls

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