Brief: Canara Bank Gets RBI Approval For Divesting Stake In Canara Robeco Asset Management, Canara HSBC Life Insurance

Canara Bank

05/12/2024 14:55

Dec 5 (Reuters) - Canara Bank Ltd  CNBK.NS :
    * RBI ACCORDED APPROVAL FOR DIVESTING STAKE IN CANARA ROBECO
ASSET
MANAGEMENT
    * RBI ACCORDED APPROVAL FOR DIVESTING STAKE IN CANARA HSBC
LIFE
INSURANCE
    * DIVESTING STAKE IN CANARA ROBECO AMC, CANARA HSBC LIFE
INSURANCE
VIA IPO
    * RBI APPROVAL TO DIVEST 13% STAKE OF CO IN CANARA ROBECO
ASSET
MANAGEMENT
    * RBI SAYS BANK SHOULD ADHERE TO OCTOBER 31, 2029 TIMELINE
FOR
BRINGING STAKE UP TO 30%
    * RBI APPROVAL TO DIVEST 14.5% STAKE OF CO IN CANARA HSBC
LIFE
INSURANCE
    * POST RBI APPROVAL, CO WILL INITIATE PROCESS OF IPO

Source text:  ID:nNSE1DqBVY 
Further company coverage:  CNBK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))