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Canara Bank shines on raising Rs 2,000 crore through bonds
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Canara Bank is currently trading at Rs. 588.40, up by 22.30 points or 3.94% from its previous closing of Rs. 566.10 on the BSE.
The scrip opened at Rs. 569.85 and has touched a high and low of Rs. 594.50 and Rs. 567.65 respectively. So far 557808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.50 on 15-Feb-2024 and a 52 week low of Rs. 268.85 on 24-Feb-2023.
Last one week high and low of the scrip stood at Rs. 594.50 and Rs. 534.70 respectively. The current market cap of the company is Rs. 107260.45 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 25.51% and 11.56% respectively.
Canara Bank has raised Rs 2,000 crore by issuing bonds to fund business growth. The fund has been raised through non-convertible, taxable, perpetual, subordinated, fully paid up, unsecured Basel III compliant Additional Tier 1 bonds of face value Rs 1 crore each at a coupon of 8.40%.
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.
