Canara Bank has informed that the Board of Bank at its meeting held on December 26, 2017 has decided to raise additional Equity shares capital amounting upto Rs 90crores (Face value), through Qualified Institutional Placement (QIP) route, by issuing upto 9crore equity shares of face value of Rs 10 each with a premium to be decided as per the applicable guidelines/ regulations for an aggregate amount not exceeding Rs 3500 crore inclusive of such premium.
The above information is a part of company’s filings submitted to BSE.