Canara Bank shares gain on in-principle approval to dilute stake via listing of CRAMC
Canara Bank has accorded approval for initiating the process of diluting a 13 per cent stake in the bank by listing Canara Robeco Asset Management Company Ltd. (CRAMC) on the stock exchange by initial public offering (IPO).
At the day's high, the stock scaled to levels of Rs 590, gaining 1.53 per cent over the previous close. Image credit: Reuters