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| Exchange Disseminated Time | With reference to the earlier announcement dated February 13, 2015, wherein the Bank had informed that the Board of the Bank has considered and approved the proposal regarding raising of Capital by way of Preferential Allotment of Equity Shares in favour of Government of India amounting to Rs. 570 Crore (Rupees Five Hundred and Seventy Crore only). Further, the Managing Director & CEO, as per the authority delegated by the Board, has approved to conduct the Extraordinary General Meeting of the Bank on March 27, 2015;
In this connection, Canara Bank has informed BSE has informed BSE as under:
- The Relevant Date is February 25, 2015 - (in terms of SEBI-ICDR Regulations);
- The Bank has fixed a minimum Issue Price at Rs. 408.95 calculated in accordance with the Regulation 76 (1) of SEBI-ICDR Regulations for the proposed issue of equity shares to Government of India by way of Preferential Allotment;
- Based on the Issue Price of Rs. 408.95, number of shares to be issued and allotted to Government of India works out to 1,39,38,134 (One Crore Thirty Nine Lacs Thirty Eight Thousand One Hundred and Thirty Four only). |
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