Canara Bank has informed the Exchange regarding 'Information on Subsidiaries'.

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CANBK · price

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹120.85

prior close

₹124.19

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.1%+2.7% vs market

Public Sector Bank peers, median of 11sector+2.4%+0.2% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty 100 and 0.2 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

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15m

+0.1

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6-0.1+2.7+2.4+0.2

Next day

+2.3+0.7+1.5+2.5-0.2

+4.2+1.0+3.2+3.5+0.8

+4.8+1.7+3.1+3.6+1.1

+6.3+1.8+4.5+3.6+2.8

+4.3+1.5+2.9+2.8+1.5

+5.4+2.4+3.0+5.0+0.4

15d

+4.4+4.6-0.3+7.2-2.9

+9.9+4.8+5.1+7.4+2.5

+24.6+5.5+19.1+11.8+12.9

+27.6+4.6+23.0+11.0+16.6

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Canara Bank has informed the exchanges that its subsidiary, Canara Robeco Asset Management Company Limited, received SEBI approval for its Updated Draft Red Herring Prospectus (UDRHP) on September 29, 2025. This is a follow-up to the bank's earlier intimation dated September 23, 2025 regarding the same matter. Canara Robeco AMC is Canara Bank's mutual fund arm (a joint venture with Robeco). The SEBI approval of the UDRHP is a key regulatory milestone that moves the subsidiary closer to a potential public listing.

Likely market impact

Positive for Canara Bank shareholders — progress toward listing Canara Robeco AMC could unlock value in the bank's mutual fund subsidiary and improve capital efficiency, though the actual IPO timeline and size are still to be determined.