The Board of directors of Canara Bank in its meeting held on 18/06/2019 has decided to raise Equity Share Capital amounting upto Rs 6000 Crore (including premium) by way of Qualified Institutional Placements(QIP) / Rights Issue / ESPS / Private Placement / Preferential allotment / any other approved means during Financial Year (FY) 2019-20 subject to market conditions and necessary approvals.
The board also approved proposal to raise funds through Additional Tier I Basel III Compliant Perpetual Bonds to the extent of Rs 3000 Crore and Basel III Compliant Tier II Bonds to the extent of Rs 3000 Crore during the FY 2019-20 subject to market conditions and necessary approvals.
The meeting of the Board of Directors commenced at 1.00 p.m. and concluded at 2.30 p.m.
Shares of CANARA BANK was last trading in BSE at Rs.258.55 as compared to the previous close of Rs. 263.35. The total number of shares traded during the day was 210046 in over 1643 trades.
The stock hit an intraday high of Rs. 265.55 and intraday low of 257.55. The net turnover during the day was Rs. 54857960.