At meeting held on 18 June 2019The Board of Canara Bank at its meeting held on 18 June 2019 has approved the following -
1. To raise Equity Share Capital amounting upto Rs 6000 crore (including premium) by way of Qualified Institutional Placements(QIP)/Rights Issue/ESPS/ Private Placement/ Preferential allotment /any other approved means during Financial Year (FY) 2019-20 subject to market conditions and necessary approvals.
2. To raise funds through Additional Tier I Basel III Compliant Perpetual Bonds to the extent of Rs 3000 crore and Basel III Compliant Tier II Bonds to the extent of Rs 3000 crore during the FY 2019-20 subject to market conditions and necessary approvals.
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