Investment18 Feb 2026, 02:34 pm
Maithan Alloys Acquires 0.01% Stake in Canara Bank for Rs. 20.03 Crore
AI Summary
Maithan Alloys Ltd has acquired 1341000 shares, representing 0.01% of Canara Bank's equity, through a stock exchange on 17th February, 2026. The cost of acquisition was Rs. 20.03 Crore. Canara Bank is a major Public Sector Bank in India, providing various banking and financial services. It was incorporated in the year 1906 and has operations in India and four foreign countries. The acquisition is a part of Maithan Alloys' investment strategy and does not intend to acquire control of Canara Bank.
Key Highlights
- Maithan Alloys acquired 0.01% stake in Canara Bank for Rs. 20.03 Crore.
- The acquisition was made through a stock exchange on 17th February, 2026.
- Canara Bank is a major Public Sector Bank in India with operations in India and four foreign countries.
- The acquisition is a part of Maithan Alloys' investment strategy and does not intend to acquire control of Canara Bank.