Canara Bank to raise up to Rs 7,000 cr in FY19
State-owned Canara Bank today said it will raise up to Rs 7,000 crore through various means, including rights issue and qualified institutional placement (QIPs).
"...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," the bank said in a BSE filing.
The bank's shares closed 0.09 per cent higher at Rs 280.20 apiece on the BSE today.
Animal vs Sam Bahadur Box Office Collection Day 9: Animal crosses Rs 600 crore club, beats Sam Bahadur | Check day-wise collection
Vehicle Insurance Policy: If your car drowns during flood or storm, can you claim insurance? Know rules
Dividend, bonus, stock split stocks: BPCL, HZL, Sonata Software, 6 other scrips to trade ex-date this week
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)