Canara Bank pares its stake in debt resolution firm IDRCL to 5 percent
With the current round of preferential allotment by IDRCL, equity stake of Canara Bank has now reduced to 5 percent from previous holding of 14.90 percent, the bank said in a regulatory filing.
![Canara Bank pares its stake in debt resolution firm IDRCL to 5 percent Canara Bank pares its stake in debt resolution firm IDRCL to 5 percent](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/03/31/178785-canara-bank-reuters.jpg?itok=SMAnVKbC&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
Canara Bank on Thursday said it has reduced its stake in India Debt Resolution Company Ltd (IDRCL) to 5 percent. Pic: Reuters