Canara Bank climbs on raising Rs 2,500 crore through QIP
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Canara Bank is currently trading at Rs. 153.85, up by 2.80 points or 1.85% from its previous closing of Rs. 151.05 on the BSE.
The scrip opened at Rs. 151.75 and has touched a high and low of Rs. 153.90 and Rs. 151.35 respectively. So far 374818 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.40 on 18-Feb-2021 and a 52 week low of Rs. 82.25 on 25-Sep-2020.
Last one week high and low of the scrip stood at Rs. 156.70 and Rs. 148.65 respectively. The current market cap of the company is Rs. 27402.44 crore.
The promoters holding in the company stood at 69.33%, while Institutions and Non-Institutions held 16.27% and 14.40% respectively.
Canara Bank has raised Rs 2,500 crore through the qualified institutional placement (QIP) route. The QIP was fully subscribed and saw a strong response from foreign as well as from domestic qualified institutional buyers (QIBs). This capital will enable the bank to improve the CET (common equity tier) ratio and in turn, will support further asset growth.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
