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Wednesday, 27 December 2017

Canara Bank goes on equity capital raising plan

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Shares of Canara Bank rose 0.9% to Rs 377.90 on BSE in the morning hours after it has announced that the bank approved raising additional equity share capital.

The state-owned Canara Bank has announced that it has approved raising additional equity share capital of Rs 90 crore QIP route, by issuing up to 9.00 crore equity shares of face value Rs. 10.00 each.

The net profit Canara Bank's fell 27.1% to Rs 260.18 crore on 1.6% fall in total income to Rs 11,994.64 crore in Q2 Sep 2017 Y-o-Y.

The Govt of India held 66.3 percent stake in Canara Bank according to the shareholding pattern as at 30 Sept 2017.


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