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.