Canara Bank has informed that Securities and Exchange Board of India vide its order WTM/GM/CFD/105/2017-18 dated 19/03/2018 under section 11(1) & 11(2)(h) of the SEBI Act read with Regulation 11(5) of SEBI (SAST) Regulations, 2011 has granted exemption to the Government of India, from complying with the requirements of Regulation 3(2) of the SEBI (SAST) Regulations, 2011 with respect to the proposed acquisition of 6.25% equity shares in the Bank by the GOI, through preferential allotment of 13,59,54,616 equity shares (as per terms prescribed in the aforesaid order).
The above information is a part of company’s filings submitted to BSE.
