CANARA BANK - 532483 - Qualified Institutions Placement Of Equity Shares Of Face Value Rs. 10 Each (The 'Equity Shares') By Canara Bank (The 'Bank') Under The Provisions Of Chapter VI Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended (The 'SEBI ICDR Regulations') (The 'QIP')
The Exchanges are hereby informed that subsequent to the approval accorded by the Board of Directors of the Bank, at their meeting held on July 10, 2020 for raising of capital through various means read with approval of the Board of Directors for raising of capital of up to Rs. 2000 crore by way of qualified institutions placement at their meeting held on September 25, 2020 and approval of Shareholders of the Bank by way of a Special Resolution at the Annual General Meeting held on August 10, 2020, the Sub Committee of the Board - Capital Planning Process of the Bank has, at its meeting held today, i.e., December 7, 2020, inter alia, passed as enclosed.07-12-2020