Rakesh Jhunjhunwala picks up 1.6% in Canara Bank
According to the shareholding data filed by the bank with the stock exchanges, Jhunjhunwala’s name appears among the top investors. The bank, which concluded its Rs 2,500-crore qualified institutional placement, said that seven investors have been...
By TNN | Updated:
BCCL - Non Copyright
Mumbai: Veteran investor Rakesh Jhunhunwala has picked up 1.59% stake in Canara Bank worth Rs 407 crore according to Tuesday’s closing price.
According to the shareholding data filed by the bank with the stock exchanges, Jhunjhunwala’s name appears among the top investors. The bank, which concluded its Rs 2,500-crore qualified institutional placement, said that seven investors have been allotted more than 5% equity in the issue. They include LIC (15.9%), BNP Paribas (12.5%), Societe Generale (7.9%), Indian Bank (6.3%) and ICICI Prudential (6.3%).
According to the shareholding data filed by the bank with the stock exchanges, Jhunjhunwala’s name appears among the top investors. The bank, which concluded its Rs 2,500-crore qualified institutional placement, said that seven investors have been allotted more than 5% equity in the issue. They include LIC (15.9%), BNP Paribas (12.5%), Societe Generale (7.9%), Indian Bank (6.3%) and ICICI Prudential (6.3%).
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