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Canara Bank informs about outcome of board meeting

27 Dec 2017 Evaluate

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.

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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