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Canara Bank to dilute stake in Canbank Factors, Can Fin Homes

06 Dec 2016 Evaluate

Canara Bank has received an approval to float an RFP for empanelling the Investment / Merchant Bankers for diluting the bank’s stake of 70% in Canbank Factors (Unlisted Company) and of 13.45% in Can Fin Homes (Listed Company). The Sub-Committee of the Board of the Bank through orders dated December 02, 2016, has approved for the same. Accordingly, the Bank is taking steps to float an RFP for empanelling the Investment / Merchant Bankers for the same.

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.



Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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