Canara Bank announced that its subsidiary, Canara Robeco Asset Management Company Limited, has filed a Red Herring Prospectus (RHP) with the Registrar of Companies on October 3, 2025. This filing is a key step towards a potential Initial Public Offering (IPO) of the asset management company. The IPO aims to unlock value and provide growth capital for the subsidiary. Further details regarding the IPO, such as issue size and price band, are expected to be announced in due course.
IPO Prospectus Filed
Canara Bank has announced a significant development regarding its subsidiary, Canara Robeco Asset Management Company Limited. As of October 3, 2025, the subsidiary has officially filed its Red Herring Prospectus (RHP) with the Registrar of Companies.
Details of the Filing
The filing of the RHP marks a crucial step in the process of launching an Initial Public Offering (IPO) for Canara Robeco Asset Management Company Limited. This move is intended to potentially unlock value for Canara Bank and its shareholders by allowing the asset management arm to access public markets for capital and growth.
Source: BSE
