Friday, June 29, 2018

Canara bank to raise Rs 1000 Cr through ESPS

Image result for canara bank logo

Canara Bank is set to raise about Rs 1,000 crore through an employee stock purchase scheme (ESPS), under which it will issue up to 6 crore equity shares to its staff.

The bank has plans to raise Rs 7,000 crore during 2018-19.

The board has decided to raise equity share capital up to Rs 60 crore, through Canara Bank Employee Share Purchase Scheme.

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