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Merger & Restructuring

Canara Bank Merger & Restructuring Worth ₹80.5 Cr

Canara Bank will sell its 70% stake in subsidiary Canbank Factors Limited to Vidvedaa Private Limited for ₹80.50 Crore. This transaction awaits necessary regulatory approvals.

Key figures
Value₹80.50 Cr
Source

NSE filing, NSE: CANBK. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Canara Bank: key numbers

Share price
₹122.93
Market cap
₹1,11,506 Cr
Revenue (annual)
₹1,26,371 Cr
Net profit (annual)
₹17,873 Cr
P/E (TTM)
5.5×Sector 20.6×
Promoter holding
62.93%+0.00% QoQ
FII holding
12.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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16:14 IST BSE
Regulatory Approval

Canara Bank Regulatory Approval

Canara Bank received RBI permission to exercise the call option on its Basel III AT1 bonds (ISIN INE476A08134) of Rs.1,500 Crore. The bank is now in process of exercising the call as per the issue terms.

Value
₹1,500 Cr

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