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Canara Bank to sell 4% stake in Canfin Homes

22 Dec 2017 Evaluate

Canara Bank has proposed to offload 4% stake in Canfin Homes (CFHL) through empanelled Merchant Bankers / Investment Bankers. The post deal shareholding by Canara Bank in Canfin Homes will be 26%.

Recently, the bank had floated request for quotation (RFQ) to sell 4,00,000 equity shares of face value Rs 10 each of National Securities Depositories (NSDL) which is 1% of the total paid up equity share capital of NSDL.

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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