Acquisitions17 Feb 2026, 04:33 pm
Maithan Alloys Acquires Equity Shares of Canara Bank for Rs. 30.03 Crore
AI Summary
Maithan Alloys Ltd has acquired equity shares of Canara Bank, a major Public Sector Bank in India, through a stock exchange. The acquisition was completed on 16th February 2026, with a total cost of Rs. 30.03 Crore, for 2085000 shares, representing 0.02% of the total shareholding. Canara Bank provides Banking services, Financial Services, Acceptance of Deposit and lending services, credit facilities etc. The bank has operations in India as well as in 4 foreign countries. The information relating to the Target Entity has been obtained from its website and Financial Results for the FY 24-25 and BSE website.
Key Highlights
- Maithan Alloys acquired 0.02% shareholding of Canara Bank for Rs. 30.03 Crore
- The acquisition was completed on 16th February 2026
- Canara Bank provides a wide range of Banking and Financial Services
- The bank has operations in India and 4 foreign countries
- The information was obtained from the bank's website and Financial Results for the FY 24-25 and BSE website