Canara Bank is planning to raise additional equity capital up to Rs 1000 crore by way of any one or more of the following modes, viz. Qualified Institutional Placements (QIP)/ Rights Issue/ Preferential Allotment/ Follow-on Public Offer/ Employees Stock Purchase Option (ESPS)/ any other mode approved by RBI/GOI/SEBI. The meeting of the Board of the Bank will be held on February 08, 2018, to consider the same.
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.
