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Canara Bank — Capital/Financing Update 2024
May 31, 2024
61440_rns_2024-05-31_2ceeb620-5c0d-4327-aba3-88a15777772f.pdf
Capital/Financing Update
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Ref :: SD:126/127/11/12::2024-25 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 Scrip Code: 532483 Scrip Code: CANBK
31.05.2024
Dear Sir/Madam,
Sub: Disclosure with regard to Subsidiary Company
Ref: Regulation 30 of the SEBI (LODR) Regulations, 2015
Canara Bank has accorded approval for initiating the process of diluting 14.50% stake of the Bank in its subsidiary M/s Canara HSBC Life Insurance Company Ltd by listing the Company in Stock Exchanges (BSE/NSE) through Initial Public Offer (IPO). The same shall be subject to approval of Reserve Bank of India and Department of Financial Services, Government of India.
The size of the issue, opportune time and modalities of issue will be decided in due course. The bank will update the exchanges of all material developments with regard to the same, as and when required, as per applicable regulations.
This is for your information and records.
Yours faithfully,
Digitally signed by SANTOSH SANTOSH KUMAR BARIK KUMAR BARIK Date: 2024.05.31 16:07:31 +05'30'
SANTOSH KUMAR BARIK COMPANY SECRETARY
सचिवीय चवभाग Secretarial Department प्रधान कार्ाालर् Head Office 112, जे सी रोड, बेंगलूरु - 560002 112 J C Road, Bengaluru - 560002 E-Mail - [email protected] www.canarabank.com
F +91 80 22248831 T +91 80 22100250