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Canara Bank sells 13.45% stake in Can Fin Homes

Canara Bank sells 13.45% stake in Can Fin Homes

Friday, March 10, 2017, 3:44 PM

Indian state-run lender, Canara Bank Ltd has sold a 13.45% stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for 7.54 billion rupees. The divestment is seen as a part of the monetization process of non-core assets of Canara Bank, the company said in a statement to the exchanges.
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