The board meeting of Canara Bank is scheduled to be held on Thursday to consider raising capital through a qualified institutional placement (QIP). Recently, the bank’s shareholders approved a proposal to raise ₹7,000 crore in one or more tranches by way of follow-on public issue, rights issue, private placement/qualified institutional placement or any other mode. Investors would be keen to know the price, size and issue opening schedule.
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.