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Canara Bank — Capital/Financing Update 2021
May 28, 2021
61440_rns_2021-05-28_c03f6f10-c446-4028-9b7e-5f956bf9bc35.pdf
Capital/Financing Update
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Ref:: SD:89/90/11/12::2021 The Vice President The Vice President BSE Ltd. Listing Department Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd Dalal Street EXCHANGE PLAZA MUMBAI - 400 001 Bandra-Kurla Complex, Bandra [E] MUMBAI - 400 051
28.05.2021
Dear Sir/Madam,
Sub : Outcome of the Board Meeting - Capital Raising Plan for the Year 2021-22 Ref: Regulation 30 of the SEBI (LODR) Regulations, 2015
We refer to our intimation letter SD:78/79/11/12::2021 dated 24/05/2021 regarding the Capital Raising Plan for the Year 2021-22.
This is to inform the Stock Exchanges that the Board of Directors of the Bank in its meeting held today on 28.05.2021 has approved the Capital Raising Plan of the Bank for the Year 2021-22 amounting up to Rs 9000 Crore by way of Equity and Debt Instruments. Further, out of the above Capital Raising Plan, the Board of Directors of the Bank has approved the following:
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To Raise Equity Share Capital amounting up to Rs 2500 Crore (including premium) by way of Qualified Institutional Placement (QIP) during the Financial Year (FY) 2021-22 subject to market conditions and necessary approvals.
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To Raise Capital through Additional Tier I Basel III Compliant Bonds to the extent of Rs 4000 Crore during the FY 2021-22 subject to market conditions and necessary approvals.
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To Raise Capital through Additional Tier II Basel III Compliant Bonds to the extent of Rs 2500 Crore during the FY 2021-22 subject to market conditions and necessary approvals.
The meeting of the Board of Directors commenced at 11 :00 a.m. & concluded at 12:45 p.m.
This is for your information and appropriate dissemination.
Yours faithfully, ��� For CANARA BANK � <1�iU rim Wii!i 3l). cpqf.r :mwi i\ss,stant Ge�era1 M3,!la.9e[r & ] Compa�y Secretary VINAY MOHTA COMPANY SECRETARY
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Secretarial Department Head Office F +91 80 22248831 112 J C Road, Bangalore - 560002 T +91 80 22100250 www.canarabank.com