Canara Bank has allotted around 27.69 crore equity shares to the Government of India, Promoter of the Bank, on preferential basis on December 04, 2019. After acquisition the Government’s holding in the bank has increased from 70.62% to 78.52%.
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.