Canara Bank to raise Rs. 9,000 Crore by way of Equity and Debt Instruments

Canara Bank, the leading nationalized bank, in its Board of Directors meeting, held today i.e. 28.05.2021, has approved the Capital Raising Plan of the Bank for the Financial Year 2021-22 amounting up to Rs. 9,000 Crore by way of Equity and Debt Instruments.

The Board of Directors of the Bank has approved to Raise Equity Share Capital amounting up to Rs. 2500 Crores (including Premium) by way of Qualified Institutional Placement (QIP) during the Financial Year 2021-22 out of the above Rs. 9000 Crore.

Shares of CANARA BANK was last trading in BSE at Rs.161.85 as compared to the previous close of Rs. 153.6. The total number of shares traded during the day was 2223204 in over 13091 trades.

The stock hit an intraday high of Rs. 162.95 and intraday low of 154.85. The net turnover during the day was Rs. 353845943.

Source : Equity Bulls

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