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| Exchange Disseminated Time 01/09/2015 11:09:53 | With reference to the earlier letter dated August 31, 2015, wherein the Company had informed that the Managing Director & CEO, as per the authority delegated by the Board, has approved to conduct the Extraordinary General Meeting of the Bank on September 29, 2015 for obtaining the consent of the shareholders to make preferential allotment of equity shares of the Bank to the Government of India (GOI).
In this connection, Canara Bank has informed BSE as under :
- The Relevant Date is August 28, 2015 - (in terms of SEBI-ICDR Regulations);
- The Bank has fixed a minimum Issue Price at Rs. 340.72 calculated in accordance with the Regulation 76 (1) of SEBI-ICDR Regulations for the proposed issue of equity shares to the Government of India by way of Preferential Allotment;
- Based on the Issue Price of Rs. 340.72, number of shares to be issued and allotted to Government of India works out to 2,77,94,083. |
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