"Canara Bank has set a record date of May 15, 2024, for deciding the right of equity shareholders for the motive of the division or split of the present equity shares.

Shares of state retained by the Canara bank rose to 5.4% at Rs 119.40 a bit on the BSE in Wednesday Intraday deals as the stock owned by the commercial bank turned ex-date for a division in the fraction of 1.5.

With the gain of today, the stock has jumped up more than 8% in the past three trading days.

Last year Canara Bank on this day which is April 19, 2024, the public sector commercial bank set Wednesday as 15 May 2024 as the document or a report day for the deciding entitlement of the equity stockholders with the motive to split the existing shares of the bank. The share split arrangement was in a way that 1 equity shareholder has a face value of around Rs 10 each, then it will be sub-divided into 5 equity shares with a face value of Rs 2 each."