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Public equity fundraising rose 59 per cent to ₹1.44 lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that raised ₹49,434 crore.
Canara Bank: The PSU bank will make further announcements of all material developments regarding the same, as and when required, as per applicable regulations.
"We wish to inform you that Canara Bank has in principle approved to initiate the process of listing its Mutual Fund Subsidiary Canara Robeco Asset Management Company Ltd, in the Stock Exchanges by way of an Initial Public Offer (IPO)," the state-owned lender said in a notification to exchanges.
Foreign institutional investors (FIIs) turned net buyers for the first time in the last seven consecutive sessions, buying shares worth Rs 2,926.05 crore, while domestic institutional investors (DIIs) turned net sellers after six-day of consistent buying, offloading Rs 192.01 crore worth of stocks on December 27, provisional data from the NSE showed.
The lender said it will start the work on launching an IPO of Canara Robeco Asset Management Company.