Canara Bank issues 4 crore shares to LIC on preferential basis

Canara Bank | Bank - Public | BFSI | BSE: 532483 | NSE: CANBK

14 May 2015 Evaluate

Canara Bank has issued four crore fully paid-up equity shares to Life Insurance Corporation of India (LIC) on preferential basis valued at about Rs 1,396.80 crore. The bank had passed a special resolution by its shareholders at its EGM on April 30 for issue and allotment of 4 crore equity shares to LIC.

Canara Bank registered a rise of 60.25% in its net profit at Rs 655.97 crore for third quarter ended December 31, 2014 as compared to Rs 409.35 crore for the same quarter in the previous year. Total income of the bank increased 11.82% at Rs 12227.86 crore for Q3FY15 as compared Rs 10935.29 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
State Bank Of India	979.50
PNB	115.90
Bank Of Baroda	234.20
Canara Bank	122.95
Union Bank Of India	176.20
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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