Comments
The Board of Directors of Canara Bank will meet on Friday to consider fund-raising plans through a rights issue. It seeks to raise funds from the Government of India to strengthen its capital adequacy ratio. Earlier, the bank had receivd shareholders’ approval to raise ₹2,000 crore through the allotment of shares/preference shares by way of follow-on offer, rights issue and/or private placement. Analysts will focus on the price and entitlement ratio of the rights issue.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.