Canara Bank has divested its stake in Canara Robeco Asset Management Company Limited through an Initial Public Offer. The stake has been reduced from 51% to 38%. The company has been officially listed on the National Stock Exchange of India Limited and BSE Ltd on October 16, 2025. This announcement provides information about the change in shareholding.
Stake Reduction in Asset Management Firm
Canara Bank has completed the divestment of its stake in Canara Robeco Asset Management Company Limited. This was achieved through an Initial Public Offer (IPO), reducing Canara Bank’s ownership from 51% to 38%.
Listing on Stock Exchanges
Canara Robeco Asset Management Company Limited was listed on the National Stock Exchange of India Limited and BSE Ltd on October 16, 2025. This listing marks a significant milestone for the asset management company.
Details of Shareholding Change
Following the IPO, Canara Bank now holds a reduced stake of 38% in Canara Robeco Asset Management Company Limited. This change in shareholding is a key development for both entities.
Source: BSE
