India: Canara Bank board approves stake sale in AMC, housing finance units

India: Canara Bank board approves stake sale in AMC, housing finance units

Photo: Pradeep Gaur/Mint

Canara Bank has got board approval to sell stakes in its asset management and housing finance units, either fully or partially, to augment resources and improve the capital base of the bank. The Bengaluru-based lender has hired investment bankers for the stake sales, it said in a stock exchange filing on Tuesday.

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