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Canara Bank invites EOI for sale of stake held in Commonwealth Trust

23 Sep 2019 Evaluate

Canara Bank has invited Expression of interest (EOI) for sale of 37,500 Equity shares, representing 30% of paid-up share capital held by the Bank in Commonwealth Trust (India).

The investment committee of the bank has permitted to initiate the process of stake sale in full in Commonwealth Trust (India).

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 972.90
PNB 115.00
Bank Of Baroda 233.00
Canara Bank 122.30
Union Bank Of India 175.30
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