Canara Banks board to consider stock split on February 26, stock hits 52-week high
Canara Bank board meeting: The state-owned Canara Banks board will consider the stock split of the company on February 26, the bank informed the bourses on Wednesday, February 7.
Canara Bank stock split news, Canara Bank board meeting: Canara Bank shares on Wednesday, February 7 gained by as much as 5.57 per cent to clock a 52-week high of Rs 550.5 apiece, surpassing an earlier peak of Rs 522.30 touched last week on NSE. The buying is buoyed in the counter after the state-owned Canara Bank informed the bourses on February 7 that the company's board will consider the stock split of the company on February 26.
"Notice is hereby given that a meeting of the Board of Directors of the Bank is scheduled to be held on Monday, 26th February 2024, to seek in principle approval from the Board of Directors for Sub-Division/Split of the Equity Shares of the Bank subject to prior approval of Reserve Bank of India (RBI) and other Statutory/Regulatory/Government of India approvals, as may be required," the PSU's regulatory filing read.
(This story will be updated shortly.)
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