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Canara Bank receives EoIs from 12 entities to buy entire stake in CFHL

12 Sep 2019 Evaluate

Canara Bank has received an expression of interest (EoIs) from 12 entities to buy the entire stake in its housing finance arm Can Fin Homes (CFHL). The lender, which owns 29.99 per cent stake in the home financier is looking to raise over Rs 1,000 crore from the stake sale.

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.

Peers
Company Name CMP
State Bank Of India 979.45
PNB 115.80
Bank Of Baroda 234.30
Canara Bank 122.90
Union Bank Of India 176.40
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