|
| Exchange Disseminated Time | Canara Bank has informed BSE that:
"This has reference to our letter CMD SD 3023 3024 11 12 BNB 2014, dated October 18, 2014, wherein we had informed the Exchange that the Bank has received the approval of the Government for raising of equity capital of Rs. 80 Crore (8 Crore equity shares of Rs. 10/- each) with additional share premium, with a Green Shoe Option of Rs. 5 Crore (0.5 Crore equity shares of Rs. 10/- each) through Qualified Institutional Placement (QIP) during FY 2014-15.
However, we have noticed that the said announcement is differently carried out in the media that the Bank is raising its Capital through selling of shares to institutional investors or a preferential issue.
In this context, we reiterate that the Bank has received the approval from Government of India for raising of equity capital only through Qualified Institutional Placement (QIP)." |
|
|