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| Exchange Received Time 29/12/2017 16:36:08 Exchange Disseminated Time 29/12/2017 16:36:17 Time Taken 00:00:09 | Stake sale in M/s Canara Robeco Asset Management Company Ltd
We refer to our letter No MD&CEO SD 3241:3242/11/12/2017, dated 21.11.2017 wherein we had informed the exchanges on the matter of stake sale either in part or in full in M/s Canara Robeco Asset Management Company Ltd, a subsidiary of Canara Bank.
Now, we inform that given the tremendous growth opportunities offered by the Mutual Fund Industry in its current growth phase and the value we offer to our customers, Canara Bank has decided not to pursue the strategic sale of its stake in M/s Canara Robeco Asset Management Company Ltd for the time being.
Kindly take the above subject matter into your records and also request you to disseminate the said information on your website.
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