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Canara Bank executes share purchase agreement to sell entire stake in ISARC

07 Apr 2022 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 963.15
PNB 112.45
Bank Of Baroda 236.15
Canara Bank 120.00
Union Bank Of India 169.10
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