General Announcement::Outcome of the Board Meeting-Capital Raising Plan for the year 2020-21

Issuer & Securities

Issuer/ Manager
CANARA BANK
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Jul-2020 20:57:58
Status
New
Announcement Sub Title
Outcome of the Board Meeting-Capital Raising Plan for the year 2020-21
Announcement Reference
SG200710OTHR25O6
Submitted By (Co./ Ind. Name)
CANARA BANK
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
We refer to our intimation letter SD: 1316/1317/11/12::2020 dated 06/07/2020 regarding the Capital Raising Plan for the Year 2020-21.

This is to inform the Stock Exchanges that the Board of the Bank in its meeting held today on 10.07.2020 has decided the following:

1. To Raise Equity Share Capital amounting up to Rs 5000 Crore (including premium) by way of Qualified Institutional Placements (QIP)/Rights Issue/ESPS/Private Placement/ Preferential Allotment/any other approved means during the Financial Year (FY) 2020-21 subject to market conditions and necessary approvals.

2. To Raise Capital through Additional Tier I Basel III Compliant Bonds to the extent of Rs 3000 Crore during the FY 2020-21 subject to market conditions and necessary approvals.

This is for your information and appropriate dissemination.

Attachments

OUTCOMESGX.pdf
Total size =252K