Canara Robeco Asset Management targets 53 bln-rupee valuation at 253-266 rupees a share

Canara Bank

06/10/2025 03:30

Oct 6 (Reuters) - India's Canara Robeco Asset Management Company has set a price band of 253-266 rupees per share for its upcoming listing, aiming for a valuation of about 53.05 billion rupees ($597.9 million) at the upper end, per Reuters calculations.

A joint venture between Canara Bank CNBK.NS and ORIX Corporation Europe, which is a unit of Japan's ORIX Corporation 8591.T, Canara Robeco's initial public offering (IPO) will open for retail investor subscriptions on October 9, while anchor investors can submit their bids on October 8.

($1 = 88.7300 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru; Editing by Sumana Nandy)

 ((Yagnoseni.Das@thomsonreuters.com;))