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Canara Bank will raise up to Rs.7,000 crore via various means, including rights issue and qualified institutional placement (QIPs).
In a BSE filing the bank stated, “..the Board of the bank has decided to raise equity share capital amounting up to Rs.7,000 crore (including premium) by way of QIP/ rights issue/ ESPS/ private placement/ preferential allotment/ any other approved means during financial year 2018-19 subject to market conditions and necessary approvals.”
