Canara Bank Sells 70% Stake in Canbank Factors

Date: 29.08.2026

Divestment / Strategic Actions

• Canara Bank's Board of Directors approved the sale of the Bank's 70% stake in Canbank Factors Limited, an unlisted subsidiary
• The transaction involves transfer of 100% equity shares of Canbank Factors Limited to M/s Vidvedaa Private Limited
• Purchase consideration: ₹80.50 crore
• The transaction is subject to necessary regulatory, statutory, and legal approvals
• The disclosure references previous communication dated 28.11.2023 (Ref: SD:422/423/11/12::2023-24)

Other Operational / Legal / Strategic Disclosures

• Formal disclosure made to BSE Limited and National Stock Exchange of India Ltd as required under listing regulations
• Document signed by Santosh Kumar Barik, Company Secretary, from the Secretarial Department at Canara Bank Head Office in Bengaluru

No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Media Release / Investor Communication