Canara Bank on Wednesday stated it’s planning a break up of its fairness shares to increase the inventory’s liquidity. The determination on this regard shall be taken by the financial institution’s board of administrators in a gathering, which is scheduled on February 26, in accordance to a regulatory submitting.
The assembly’s agenda is “to seek in-principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/ regulatory/ Government of India approvals, as may be required,” it stated.
Shares of the financial institution have been buying and selling 4.16 per cent larger at Rs 542.95 per unit on the BSE.
