Canara Bank board approves fund raising of Rs. 7000 crores

The Board of Canara Bank in its meeting held on 13/06/2018 has decided to raise Equity Share Capital amounting upto Rs 7000 Crore (including premium) by way of Qualified Institutional Placements(QIP) / Rights Issue / ESPS / Private Placement / Preferential allotment /any other approved means during Financial Year 2018-19 subject to market conditions and necessary approvals.

Shares of CANARA BANK was last trading in BSE at Rs.278.55 as compared to the previous close of Rs. 279.95. The total number of shares traded during the day was 284532 in over 2150 trades.

The stock hit an intraday high of Rs. 284 and intraday low of 278.2. The net turnover during the day was Rs. 80135993.

Source : Equity Bulls

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