NEW DELHI: Shares of Can Fin HomesNSE 3.88 % jumped over 5 per cent while those of Canara BankNSE 0.63 % climbed almost 2 per cent in morning trade on Wednesday after Canara Bank's board approved plan to sell part or full stake in housing financeNSE 1.30 % subsidiary Can Fin Homes.
Last year, Canara Bank had called off the move to divest its entire shareholding in housing finance subsidiary Canfin Homes after receiving lower than expected price quotation.
Can Fin Homes has a pan India network of 132 branches, 20 Affordable Housing Loan Centres (AHLCs) and 20 satellite offices with a customer base of over 1.2 lakh.
Shares of Canara Bank traded 1.67 per cent up at Rs 264.65 on BSE around 9:40 am. Shares of Can Fin Homes were 3.79 per cent up at Rs 357.25 around that time.
Last year, Canara Bank had called off the move to divest its entire shareholding in housing finance subsidiary Canfin Homes after receiving lower than expected price quotation.
Can Fin Homes has a pan India network of 132 branches, 20 Affordable Housing Loan Centres (AHLCs) and 20 satellite offices with a customer base of over 1.2 lakh.
Shares of Canara Bank traded 1.67 per cent up at Rs 264.65 on BSE around 9:40 am. Shares of Can Fin Homes were 3.79 per cent up at Rs 357.25 around that time.
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