SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Canara Bank to raise Rs 2000 crore through QIP

25 Sep 2020 Evaluate

Canara Bank has decided to raise additional Equity Share Capital amounting up to Rs 2000 crore (including Securities Premium), through Qualified Institutional Placement (QIP) route, by issuing such number of equity shares of face value of Rs 10 each in one or more tranches with a premium to be decided as per applicable guidelines / regulations. The said QIP issue shall be within the overall maximum limit of Board approved capital raising plan (FY 2020-21) of Rs 5000 crore Equity Share Capital (including premium) and is subject to market conditions and necessary approvals.

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.

Canara Bank Share Price

142.75 0.40 (0.28%)
20-Apr-2026 14:49 View Price Chart
Peers
Company Name CMP
SBI 1107.10
PNB 113.95
Canara Bank 142.75
Bank Of Baroda 282.00
Union Bank Of India 190.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×