Canara Bank is currently trading at Rs. 258.80, up by 0.25 points or 0.10% from its previous closing of Rs. 258.55 on the BSE.
The scrip opened at Rs. 259.00 and has touched a high and low of Rs. 266.40 and Rs. 256.40 respectively. So far 299331 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.10 on 09-Aug-2018 and a 52 week low of Rs. 205.15 on 23-Oct-2018.
Last one week high and low of the scrip stood at Rs. 270.00 and Rs. 253.70 respectively. The current market cap of the company is Rs. 19795.27 crore.
The promoters holding in the company stood at 70.62%, while Institutions and Non-Institutions held 21.91% and 7.47% respectively.
Canara Bank has decided to raise equity share capital amounting upto Rs 6,000 crore by way of Qualified Institutional Placements (QIP) /Rights Issue/ESPS/ Private Placement/ Preferential allotment /any other approved means during Financial Year (FY) 2019-20. The Board of Directors of the Bank at its meeting held on June 18, 2019 has decided the same.
The board has also decided to raise funds through Additional Tier I Basel III Compliant Perpetual Bonds to the extent of Rs 3000 crore and Basel III Compliant Tier II Bonds to the extent of Rs 3,000 crore during the FY 2019-20.
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.
