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The lender mentioned the ground value of the difficulty has been set at Rs 155.58 per fairness share.
“The financial institution might at its discretion provide a reduction of no more than 5 per cent on the ground value so calculated for the QIP,” Canara Financial institution mentioned.
A gathering of the sub-committee of the board might be held on August 23, to find out the difficulty value for the fairness shares in addition to the variety of shares to be allotted to certified institutional consumers, pursuant to the QIP, it added.
Canara Financial institution’s shares on Tuesday closed 3.05 per cent down at Rs 152.65 apiece on the BSE.
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