Canara Bank announced that its subsidiary, Canara Robeco Asset Management Company Limited, has filed an updated DRHP (Draft Red Herring Prospectus) with Securities and Exchange Board of India (SEBI). The updated DRHP, referred to as ‘UDRHP’, was filed on September 23, 2025. This filing is a procedural step in the subsidiary’s potential offering and aligns with regulatory requirements for companies seeking to raise capital.
Updated DRHP Filed
Canara Bank has announced that Canara Robeco Asset Management Company Limited, its subsidiary, has filed an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing, dated September 23, 2025, is referred to as ‘UDRHP’.
Significance of the Filing
The filing of the updated DRHP marks an important step for Canara Robeco Asset Management Company as it navigates the regulatory process for potential offerings. This indicates the subsidiary’s continued progress towards its strategic objectives. The company is updating the processes to comply with SEBI for raising capital.
Source: BSE
