Canara Bank trades higher on raising Rs 5000 crore through bonds
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Canara Bank is currently trading at Rs. 375.45, up by 0.80 points or 0.21% from its previous closing of Rs. 374.65 on the BSE.
The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 378.15 and Rs. 372.50 respectively. So far 203767 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.85 on 22-Sep-2023 and a 52 week low of Rs. 212.75 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 384.45 and Rs. 365.65 respectively. The current market cap of the company is Rs. 68111.52 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 24.84% and 12.22% respectively.
Canara Bank has raised Rs 5000 crore through Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures of face value Rs 1 lakh each at a coupon of 7.54 %. Interest shall be paid annually on September 27 every year.
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.
