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Canara Bank Ltd has sold a 13.45 percent stake in Housing finance arm Can Fin Homes Ltd for 7.54 billion rupees (USD 113.12 million) to Singapore based Caladium Investment Pvt Ltd.
The company has said in a statement that the divestment is seen as a part of the monetization process of non-core assets of Canara Bank.
According to the data on the BSE website, as of December 31, 2016, Canara Bank owned 43.45 percent stake in Can Fin Homes.
