The board of Canara Bank on Friday, April 19, fixed May 15, 2024, as the record date to determine eligible shareholders for the stock split announced by the company in February 2024.The bank’s board had earlier approved the split of each share having face value of ₹10 into five shares having face value of ₹2. This is the first time Canara Bank is undergoing a share split since it got listed on the stock exchanges. Canara Bank has not issued a bonus share either in its history. The last major corporate action it has carried out is a rights issue in February 2017.Last year, the lender had declared a dividend of ₹12, which was the highest payout by the lender in a decade.Stock splits…
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This PSU Bank sets record date for division of each share into 5
