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Canara Bank dilutes its stake in Can Fin Homes

10 Mar 2017 Evaluate

Canara Bank has sold 13.45% stake in Can Fin Homes to Caladium Investment, Singapore, an affiliate of GIC, Singapore's Sovereign Wealth Fund. The bank has sold 35.80 lakh equity shares at Rs 2105 per share amounting to Rs 753.77 crore in an off-market deal on March 10, 2017 as a part of monetization of non-core assets.

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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