Canara Bank spurts on getting nod to raise Rs 9000 crore via Debt Instruments in FY23

Canara Bank is currently trading at Rs. 185.65, up by 3.95 points or 2.17% from its previous closing of Rs. 181.70 on the BSE.

canara bank gains on receiving eois from 12 entities to buy entire stake in cfhl
canara bank gains on receiving eois from 12 entities to buy entire stake in cfhl

The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 186.65 and Rs. 183.55 respectively. So far 175321 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 272.80 on 03-Feb-2022 and a 52 week low of Rs. 142.10 on 28-Jul-2021.

Last one week high and low of the scrip stood at Rs. 186.65 and Rs. 171.70 respectively. The current market cap of the company is Rs. 33779.11 crore.

The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 22.09% and 14.97% respectively.

Canara Bank has received approval for capital raising plan for the financial year 2022-23 (FY23) amounting up to Rs 9000 crore by way of Debt Instruments (Additional Tier I / Tier II Bonds).

The Board of Directors of the bank in its meeting held on June 24, 2022 has approved the same.

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.

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