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Canara Bank to raise up to Rs 7,000 cr in FY19

Press Trust of India  |  Mumbai 

State-owned today said it will raise up to Rs 7,000 crore through various means, including rights issue and (QIPs).

"...the Board of the ..has decided to raise equity share capital amounting up to Rs 7,000 crore (including premium) by way of QIP/rights issue/ESPS/ private placement/ preferential allotment/any other approved means during financial year 2018-19 subject to market conditions and necessary approvals," the said in a filing.

The bank's shares closed 0.09 per cent higher at Rs 280.20 apiece on the today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 21:20 IST