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Canara Bank mulls stock split

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Canara Bank mulls stock split
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8 Feb 2024 10:00 AM IST

New Delhi: Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock’s liquidity. The decision in this regard will be taken by the bank’s Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing.

The meeting’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 said. Shares of the bank were trading 4.16 per cent higher at Rs542.95 per unit on the BSE.

Canara Bank equity shares liquidity RBI BSE 
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