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Canara Bank turns ex-rights on Friday. The bank plans to raise ₹1,128 crore through a rights issue, which may open in March. Investors will receive one equity share on rights basis for cash at a premium of ₹197 apiece for every 10 shares. Government of India’s contribution through the rights issue will be ₹748 crore, while that of public shareholders will be ₹380 crore. For investors who wish to participate in the rights issue, the cut-off date is Thursday.
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