Canara Bank acquires ₹2,000 crore via QIP; LIC largest investor
Fri, Dec 11, 2020 6:19 PM

Canara Bank acquires ₹2,000 crore via QIP; LIC largest investor

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State-owned Canara Bank on Friday said it has successfully collec ₹2,000 crore equity capital by issuing over 19 crore shares to eligible investors. LIC emerged as the largest investor in the bank's qualified institutional placement (QIP) issue. Other investors include BNP Paribas Arbitrage (9.11%), Nippon Life India Trustee Ltd (8.81%), Societe Generale (7.91%) and Kuber India Fund (6.16%).

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