Shares of the public sector lender traded almost flat at Rs 152.85 in the early deals on August 27, Friday.
Of late, ace equity investor Rakesh Jhunjhunwala bought a 1.59% stake in Canara Bank.
The bank last month posted a nearly three-fold jump in its net profit at Rs 1,177 crore for the quarter ended June 30
Asian stocks traded mostly higher on Wednesday, as optimism continued to drive US stocks, with the S&P 500 and Nasdaq reaching record highs overnight.
Seven investors have been allotted more than 5% of the equity offered in the QIP issue
Canara Bank, Punjab National Bank, and Bank of India offer FD tenures ranging from 7 days to 10 years
Unless Nifty sustains above 15,600 on a closing basis the short-term, trend remains strong and intact
Syndicate Bank customers will have to use new Canara Bank IFSC for receiving funds through NEFT/RTGS/IMPS
LIC picked up 17.80% of the shares issued under the qualified institutional placement
Various public sector banks (PSBs) have also announced that they have earmarked a significant portion of their NPAs to be transferred to NARCL