Dua Associates acted for
The Dua Associates team was led by Bangalore partner
Shardul Amarchand Mangaldas acted for
This deal report may be only partially complete, and may therefore have details of some advisers missing. If you are or know one of the lawyers who acted on this deal but has not been credited, please send us a brief email at and we will update the report.
The Hindu Business Line reported:
Canara Bank said the sale in the associate company is part of its efforts at monetising non-core assets. Bengaluru-headquartered CanFin Homes was established in 1987 by Canara Bank. In the nine months ended December 31, 2016, the company recorded a 49 per cent year-on-year jump in net profit at ?164 crore. Canara Bank shares closed at ?284.20 apiece, down 0.73 per cent, while CanFin Homes closed at ?1,977.65 apiece, up 2.11 per cent, on the BSE.