The Board of administrators of Canara Bank in its assembly held on 18/06/2019 has decided to raise Equity Share Capital amounting upto Rs 6000 Crore (inclusive of top rate) through manner of Qualified Institutional Placements(QIP) / Rights Issue / ESPS / Private Placement / Preferential allotment / another accredited method during Financial Year (FY) 2019-20 situation to market conditions and important approvals.
The board also authorised notion to raise funds thru Additional Tier I Basel III Compliant Perpetual Bonds to the extent of Rs 3000 Crore and Basel III Compliant Tier II Bonds to the quantity of Rs 3000 Crore throughout the FY 2019-20 problem to marketplace conditions and necessary approvals.
The meeting of the Board of Directors began at 1.00 p.M. And concluded at 2.30 p.M.
Shares of CANARA BANK became closing buying and selling in BSE at Rs.258.55 compared to the previous near of Rs. 263.35. The total wide variety of stocks traded throughout the day changed into 210046 in over 1643 trades.
The inventory hit an intraday high of Rs. 265.Fifty five and intraday low of 257.Fifty five. The internet turnover all through the day became Rs. 54857960.
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