NSEUpdates1d ago · 29 Aug 2026, 06:05 pm

Updates

Canara Bank · CANBK

✦ AI SummaryDivestiture

Canara Bank has informed the Exchange regarding the sale of its 70% stake in Canbank Factors Limited to Vidvedaa Private Limited for a purchase consideration of Rs.80.50 crore, subject to necessary regulatory approvals.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Canara Bank has informed the Exchange regarding 'Disclosure with regard to Subsidiaries'.

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CANBK_29082026180545_LettertoSE29082026Sub.pdf

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Ref:SD:241/242/11/12:2026-27 29.08.2026 The Vice President The Vice President BSE Limited Listing Department Phiroze Jeejeebhoy National Stock Exchange of India Ltd Towers Dalal Street Exchange Plaza Mumbai - 400 001 Bandra-Kurla Complex, Bandra Scrip Code: 532483 [E] Mumbai - 400 051 Scrip Code: CANBK Subject: Disclosure with regard to Subsidiaries Ref: Our Letter bearing reference no. SD:422/423/11/12::2023-24 dated 28.11.2023. Dear Sir/Madam, The Stock Exchanges are hereby informed that the Board of Directors of the Bank vide its order dated 29.08.2026 accorded consent for the sale of Bank's stake (70%) in Canbank Factors Limited, an unlisted subsidiary of the Bank, through transfer of 100% equity shares of the Company to M/s Vidvedaa Private Limited for a purchase consideration of Rs.80.50 crore, subject to necessary regulatory / statutory / legal approvals. This is for your information and records. Thanking You, Santosh Kumar Barik Company Secretary सिचवीय िवभाग Secretarial Department (cid:366)धान काया(cid:330)लय Head Office F +91 80 22248831 112, जे सी रोड, ब(cid:336)गलू(cid:348) - 560002 112 J C Road, Bengaluru - 560002 T +91 80 22100250 E-Mail - hosecretarial@canarabank.com www.canarabank.bank.in