Canara Bank has been in the news recently in the backdrop of the bank raising Rs 2,500 crore via a qualified institutional placement (QIP), with a floor price at Rs 155.58 per equity share.

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That apart, Rakesh Jhunjhunwala has picked a 1.59 per cent stake in the state-owned lender, the latest shareholding pattern data showed. “The meeting of the sub-committee of the board – Capital Planning Process of the Board of Directors of the bank approved the closure of the issue period for QIP today (August 23, 2021),” Canara Bank had said in a regulatory filing earlier this week.

Stock Covered in the news

Canara Bank Ltd-View Detailed Analysis