1:57 am - Saturday November 7, 2015

Canara Bank to raise Rs. 85 cr via share sale

106 Viewed Gautam Comments Off on Canara Bank to raise Rs. 85 cr via share sale
canarabank

Canara Bank said on Saturday that it will raise up to Rs. 85 crore ($13.85 million) through selling shares to institutional investors or a preferential issue.

The bank has got approval from the Government to raise up to Rs. 80 crore with an option to raise an additional Rs. 5 crore.

The bank will raise the capital in the current financial year, and this will be used to fund its general business needs, Canara Bank said in a statement.

This month, the bank said that it would raise Rs. 1,500 crore through a tier-I perpetual bond issue.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
Zee-Entertainment-Logo

Zee Entertainment Enterprises Ltd appoints MD & CEO

rp_201401amazon-jeff-bezos-630JT.jpg

Royal Mail And Amazon Create 32,000 Xmas Jobs

Related posts