Canara Bank's open offer for its subsidiary CanFin Homes has failed to get the targetted response from the shareholders.Canara Bank had intended to hike its stake by 21.06% on offering Rs 78 per share but has been able to get only 0.92% through the offer.Canara Bank, if the offer had sailed through, would have ended controlling 51% in the subsidiary.Post this offer, Canara Bank will hold 30.86%. The response has been muted even after Canara Bank hiked its offer twice from Rs 63 since opening during fag end of August last year.
