Corporation Bank is going to acquire 4% shareholding from the existing shareholder namely Nomura Asset Management Strategic Investments of LIC Nomura Mutual Fund Asset Management Company (AMC) at a price of Rs 5,66,91,800/- as per the valuation derived, subject to necessary approval and agreement, if any.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.
| Company Name | CMP |
|---|---|
| SBI | 1101.50 |
| PNB | 112.95 |
| Canara Bank | 140.90 |
| Bank Of Baroda | 274.20 |
| Union Bank Of India | 177.00 |
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