Canara Bank has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
CANBK · price
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Awaiting price reaction for this filing.
Canara Bank has rescheduled its Board Meeting from 20th June 2025 to 12th June 2025 to consider and approve its Capital Raising Plan for FY 2025-26, subject to necessary approvals. The Trading Window for directors, designated persons, and their relatives has been closed and will remain shut until 48 hours after the outcome of the meeting is declared. The original intimation for the meeting was sent on 30th May 2025. The bank has not disclosed the size, mode, or pricing of the proposed capital raise at this stage.
An earlier-than-scheduled board meeting to approve a capital raising plan suggests urgency — the bank may be looking to raise funds sooner, potentially via QIP, bonds, or equity. Shareholders should watch for the board outcome on 12th June for details on the instrument, size, and dilution impact, which could move the stock once disclosed.