Canara Bank's subsidiary picks up stake worth Rs 25 crore in Ashapura Garments

Canara Bank | Bank - Public | BFSI | BSE: 532483 | NSE: CANBK

09 Apr 2013 Evaluate

Canbank Venture Capital Fund (CVCFL), an wholly owned subsidiary of Canara Bank, has acquired stake worth Rs 25 crore in Gujarat-based Ashapura Garments (AGL). The raised fund will be used to part finance the setting up of a state of art manufacturing facility of AGL at SEZ in Gujarat.

AGL is manufacturers of jeans and casual wear for men and women and primarily has presence in Andhra Pradesh, Madhya Pradesh, Tamil Nadu, Punjab, Karnataka, Gujarat, Kerala, Rajasthan, Orissa, Maharashtra, West Bengal, Haryana. Internationally, the company caters to Europe, Asia and North America.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.