Canara Bank is currently trading at Rs 303.20, up by 0.70 points or 0.23% from its previous closing of Rs 302.50 on the BSE.
The scrip opened at Rs. 301.50 and has touched a high and low of Rs. 303.90 and Rs. 298.05 respectively. So far 60789 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 316.75 on 09-Sep-2016 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. 311.15 and Rs. 298.05respectively. The current market cap of the company is Rs. 16444.48 crore.
The promoters holding in the company stood at 66.30%, while Institutions and Non-Institutions held 25.78% and 7.92% respectively.
Canara Bank is planning to raise additional equity share capital not exceeding Rs 1,128 crore, including premium, by way of rights issue. The Government of India’s contribution in the rights issue will be Rs 748 crore, while that of public shareholders will be Rs 380 crore.
Further, the bank is planning to issue senior unsecured bonds in foreign currency of about $500 million in the international market under its $2 billion medium term note programme. This bond issue is for providing funds to the bank’s overseas branches.
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.
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