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The ₹1,124-crore rights issue of Canara Bank opens for subscription on Thursday and closes on March 16. On offer are about 5.43 crore shares for cash at ₹207 a share to existing investors. The entitlement ratio is one equity share for every 10 shares held on the record date (February 20). The objects of the issue are to augment its capital base to meet business and capital requirements and growth in assets, said Canara Bank in the offer document.
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