"The board of the bank has decided to raise additional equity share capital up to Rs 1,000 crore through qualified institutional placement (QIP)/rights issue/preferential allotment/follow on public offer/employee stock purchase scheme or any other mode approved by RBI or government," it said in a regulatory filing.
Shares of Canara Bank closed 2.96 per cent up at Rs 323 a piece on BSE today.
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