Mumbai, March 31 (IANS) State-run lender Canara Bank on Saturday said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes.
In a filing to the BSE, the bank said it has cancelled the process as the quotes it received were not in tune with the valuation it had arrived at.
"Since the quote received is not in tune with the valuation, Canara Bank has decided to call-off the divestment process of its entire stake in Can Fin Homes, which was under process," the BSE filing said.
The bank currently holds around 30 per cent stake in the housing finance company.
--IANS
rrb/ppg/ksk/vm
(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)
0