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
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Canara Bank has informed the Exchange regarding 'Disclosure with regard to Subsidiaries'.
Attachments (1)
📄pdf
Download →
CANBK_29082026180545_LettertoSE29082026Sub.pdf
View document text
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