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Canara Bank gains on plan to raise Rs 3000 crore through issue of bonds

08 Apr 2016 Evaluate

Canara Bank is currently trading at Rs. 182.70, up by 0.70 points or 0.38% from its previous closing of Rs. 182.00 on the BSE.

The scrip opened at Rs. 182.50 and has touched a high and low of Rs. 183.45 and Rs. 181.20 respectively. So far 28136 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 411.45 on 15-Apr-2015 and a 52 week low of Rs. 156.20 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 201.75 and Rs. 180.55 respectively. The current market cap of the company is Rs. 9887.87 crore.

The promoters holding in the company stood at 66.30% while Institutions and Non-Institutions held 25.70% and 8.00% respectively.

Canara Bank is planning to raise capital of Rs 3000 crore through issue of Basel III compliant Tier II Bonds by way of Private placement of a coupon rate as decided by the bond committee of the bank to support the asset growth and maintain comfortable level of CRAR. The board of bank has permitted for the same.

The Bank has received the rating of IND AAA / Outlook Stable for the proposed issue of the bonds from India Ratings & Research (A Fitch Group).

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Canara Bank Share Price

144.35 1.65 (1.16%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1112.15
PNB 114.10
Canara Bank 144.35
Bank Of Baroda 284.10
Union Bank Of India 191.20
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