Canara Bank’s board of directors on Friday approved the capital raising plan of ₹9,000 crore by way of equity and debt instruments for financial year 2021-22.
The board has also approved to raise equity share capital amounting up to ₹2,500 crore (including premium) by way of qualified institutional placement out of ₹9,000 crore.
The stock of Canara Bank closed 5.37 per cent higher at ₹161.85 on the BSE.
Published on May 28, 2021
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