General Announcement::Outcome of Board Meeting - Raising Capital through Qualified Institutional Placement (QIP)

Issuer & Securities

Issuer/ Manager
CANARA BANK
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Sep-2020 19:10:47
Status
New
Announcement Sub Title
Outcome of Board Meeting - Raising Capital through Qualified Institutional Placement (QIP)
Announcement Reference
SG200925OTHR8GUE
Submitted By (Co./ Ind. Name)
CANARA BANK
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
This is to inform the Exchange that the Board of the Bank at its meeting held today, on 25.09.2020 (Friday), has decided to raise additional Equity Share Capital amounting upto Rs.2000 Crore (including Securities Premium), through Qualified Institutional Placement (QIP) route, by issuing such number of equity shares of face value of Rs.10/- each in one or more tranches with a premium to be decided as per applicable guidelines / regulations. The said QIP issue shall be within the overall maximum limit of Board approved capital raising plan (FY 2020-21) of Rs.5000 Crore Equity Share Capital (including premium) and is subject to market conditions and necessary approvals.

Attachments

BMOutcome_25092020_SGX.pdf
Total size =128K