SummaryCanara Bank shares surged over 8% to a 52-week high of ₹127.90 after announcing board approval to divest 14.5% stake in Canara HSBC Life Insurance via IPO. The stock hit a 52-week low of ₹58.33 in June 2023 and gained nearly 102% in the past year. The bank also plans to raise ₹8,500 crore in FY25 through debt instruments. Shares traded 6.06% higher at ₹125.15 on NSE.Canara Bank shares rallied more than 8% to hit a 52-week high of ₹127.90 on Monday, June 3, after the lender announced board approval of a proposal to divest around 14.5% stake in its insurance arm through a public offer.
In the past year, the stock has gained nearly 102%. Canara Bank shares traded at 52-week…
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