Canara Bank, a PSU lender, has announced plans to raise up to ₹8,500 crore for the fiscal year 2025 through debt instruments. Additionally, the bank will dilute a 14.50% stake in its subsidiary, Canara HSBC Life Insurance Company, by initiating an IPO process. The insurance arm will be listed on the NSE and BSE as part of the public offering.
#CanaraBank starts #IPO process to take #CanaraHSBCLife public https://t.co/cJrpuSKRgA
#CanaraBank starts IPO process to take Canara HSBC Life public https://t.co/cJrpuSLp68
Canara Bank’s insurance arm to list on NSE, BSE - What PSU lender said on IPO plans https://t.co/2BceUUBoDe
⏬ @canarabank approves proposal to dilute 14.50 % stake in insurance arm Canara HSBC Life Insurance Company via #IPO Here's more ⏬ https://t.co/dXxMQbJOf5 #CanaraBank #Banking #BSE #NSE
#JustIn | Canara Bank to dilute 14.50% stake in its subsidiary Canara HSBC Life Insurance Company via IPO https://t.co/89KZ3Fzjkc
#JustIn | Canara Bank board approves fund raise of up to ₹8,500 crore for FY25 via debt instruments https://t.co/T9qM0Q1rpU