General Announcement::Outcome of the Board Meeting Raising of funds through QIP Route

Issuer & Securities

Issuer/ Manager
CANARA BANK
Securities
CANARABANKUS$250M6.365%N211128 - XS0276148847 - 7TSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Dec-2017 22:28:54
Status
New
Announcement Sub Title
Outcome of the Board Meeting Raising of funds through QIP Route
Announcement Reference
SG171226OTHRHDK6
Submitted By (Co./ Ind. Name)
GEORGE AUGUSTIN T
Designation
COMPANY SECRETARY
Effective Date and Time of the event
26/12/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
It is hereby informed that the Board of the Bank at its meeting held on Dec 26, 2017 has decided to raise additional Equity Share Capital amounting upto Rs. 90 crores(Face Value), through Qualified Institutional Placement (QIP) route, by issuing upto 9 crore equity shares of face value Rs. 10/- each with a premium to be decided as per the applicable guidelines/regulations for an aggregate amount not exceeding Rs. 3500 crores inclusive of such premium.

Attachments

SGX.pdf
Total size =188K