Canara Bank to consider capital raising proposal for FY 2021-22

The Board Meeting of Canara Bank is scheduled to be held on Friday, the 28th May 2021 at its Head Office, Bengaluru, to consider and approve Capital Raising Plan of the Bank for FY 2021-22 through Qualified Institutional Placement (QIP) issue / Follow-on Public Offer (FPO) / Rights Issue / Preferential Issue or any other mode or through a combination thereof and / or through issue of BASEL III Bonds or such other securities as may be permitted under applicable laws etc., subject to necessary approvals / permissions.

Shares of CANARA BANK was last trading in BSE at Rs.152.7 as compared to the previous close of Rs. 147.5. The total number of shares traded during the day was 2853970 in over 18890 trades.

The stock hit an intraday high of Rs. 153.4 and intraday low of 148.45. The net turnover during the day was Rs. 432210850.

Source : Equity Bulls

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