Latest News | Canara Bank Board to Consider Stock Split on Feb 26

New Delhi, Feb 7 (PTI) 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.

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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 Rs 542.95 per unit on the BSE.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)