Canara Bank has executed a Share Purchase agreement for sale of entire equity stake of 4% in India SME Asset Reconstruction Company (ISARC). Cash consideration computed as Purchase Shares multiplied by Purchase Price per Share i.e. Rs 3.92 crore.
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.