Canara Bank’s (NSE:CANBK) market cap dropped ₹35b last week; State or government bore the brunt

Key Insights To get a sense of who is truly in control of Canara Bank (NSE:CANBK), it is important to understand the ownership structure of the business. We can see that state or government own the lion’s share in the company with 63% ownership. Put another way, the group faces the maximum upside potential (or downside risk). And following last week’s 3.2% decline in share price, state or government suffered the most losses. Let’s take a closer look to see what the different types of shareholders can tell us about Canara Bank. View our latest analysis for Canara Bank NSEI:CANBK Ownership Breakdown April 16th 2024 What Does The Institutional Ownership Tell Us About Canara Bank?…
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Source: https://simplywall.st/stocks/in/banks/nse-canbk/canara-bank-shares/news/canara-banks-nsecanbk-market-cap-dropped-35b-last-week-state/amp