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They acquired the shares for Rs 35.5 crore from Nicco Corporation, the insolvent cable maker placed for liquidation in 2017 by the National Company Law Tribunal (NCLT) under the Insolvency & Bankruptcy Code (IBC).
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"The bank received total bid amount of Rs 4,699 crore, out of which full issuance of Rs 1,500 crore was accepted at 8.05 per cent," Canara Bank said in a regulatory filing. Canara Bank raises Rs 1,500 crore via Basel-III compliant bond Dec 2, 2021, 05:44PM IST.The biotechnology major Biocon said its unit has received approval from the US health regulator to market a generic product. Stocks in the news: ONGC, Tata Power, Biocon, BDL and Canara Bank Dec 3, 2021, 07:50AM IST.
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Already at really low levels, it was a good time for prospective borrowers to avail of a home loan. Till the end of November many banks were offering low home loan rates as part of their festive season offers. Canara Bank home loan interest rates to start from 6.65% Dec 4, 2021, 02:42PM IST.
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